(Photo: Andrey Popov via Adobe Stock) Stopping Trade Secret Theft Starts With Building a 'Culture of Understanding'
"There are ... bad actors out there, people who were laid off and want to hurt their former employer or want to get a leg up at their new job by using a shortcut from their old job," said Carolyn Luedtke, a Munger, Tolles & Olson partner.
March 13, 2024 at 05:06 PM
5 minute read
Trade Secrets
In November, chipmaker Nvidia found itself the target of a lawsuit alleging that it was profiting from top-secret research that belonged to the automotive tech firm Valeo.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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