Trade secret

United Therapeutics Pursues New Claims For Trade Secret Misappropriation Against Liquidia

Retrieved on: 
Monday, June 7, 2021
United Therapeutics, Trade secret, Companies, Economy of the United States

and RESEARCH TRIANGLE PARK, N.C., June 7, 2021 /PRNewswire/ -- United Therapeutics Corporation (Nasdaq: UTHR) announced today that it is pursuing additional claims for trade secret misappropriation against Liquidia Technologies, Inc. (a subsidiary of Liquidia Corporation, Nasdaq: LQDA) and a former United Therapeutics employee who later joined Liquidia as an executive.

Key Points: 
  • and RESEARCH TRIANGLE PARK, N.C., June 7, 2021 /PRNewswire/ -- United Therapeutics Corporation (Nasdaq: UTHR) announced today that it is pursuing additional claims for trade secret misappropriation against Liquidia Technologies, Inc. (a subsidiary of Liquidia Corporation, Nasdaq: LQDA) and a former United Therapeutics employee who later joined Liquidia as an executive.
  • The claims allege that Liquidia conspired with the former employee to misappropriate United Therapeutics' trade secrets, including regulatory submissions and detailed financial forecasts, in the development of Liquidia's product, LIQ861.
  • The NDA was filed under the 505(b)(2) regulatory pathway with United Therapeutics' product, Tyvaso (treprostinil) Inhalation Solution, as the reference listed drug.
  • During discovery in the patent infringement case, United Therapeutics uncovered evidence that a former United Therapeutics employee took United Therapeutics' trade secrets when he left the company and joined Liquidia to develop LIQ861.

Wisk Aero Sues Archer Aviation for Theft of Trade Secrets and Patent Infringement

Retrieved on: 
Tuesday, April 6, 2021
Intangible assets, Monopoly, Patent, WISK-FM, Trade secret, Wisk, Articles

MOUNTAIN VIEW, Calif., April 6, 2021 /PRNewswire/ -- Wisk Aero LLC ("Wisk"), the first Urban Air Mobility (UAM) company to design, build and fly an all-electric, self-flying air taxi in the U.S., today filed a lawsuit against Archer Aviation Inc. ("Archer").

Key Points: 
  • MOUNTAIN VIEW, Calif., April 6, 2021 /PRNewswire/ -- Wisk Aero LLC ("Wisk"), the first Urban Air Mobility (UAM) company to design, build and fly an all-electric, self-flying air taxi in the U.S., today filed a lawsuit against Archer Aviation Inc. ("Archer").
  • The lawsuit alleges that Archer's business is "built on intellectual property that is not its own" and brings claims for trade secret misappropriation and patent infringement.
  • Archer's recent disclosure of an aircraft design appears to be a copy of a design Wisk developed and submitted in a confidential patent application to the U.S. Patent and Trademark Office back in January 2020.
  • Wisk Aero LLC vs. Archer Aviation Inc. (Case No.

The TJX Companies, Inc. Announces Quarterly Common Stock Dividend

Retrieved on: 
Tuesday, March 30, 2021
Retail, Home Goods, Discount, Variety, Fashion, TJX Companies, Retailing, Retailers, Service companies, TJ Maxx, Off-price, HomeSense, TK Maxx, Discount store, Dividend, Trade secret

The TJX Companies, Inc. (NYSE: TJX) today announced the declaration of a quarterly dividend on its common stock of $.26 per share payable June 3, 2021, to shareholders of record on May 13, 2021.

Key Points: 
  • The TJX Companies, Inc. (NYSE: TJX) today announced the declaration of a quarterly dividend on its common stock of $.26 per share payable June 3, 2021, to shareholders of record on May 13, 2021.
  • The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide.
  • Maxx and 78 Homesense stores, as well as tkmaxx.com , in Europe; and 62 T.K.
  • The Company routinely posts information that may be important to investors in the Investors section at TJX.com .

ResMan Wins Jury Trial and Protects Company's Trade Secrets; Jury Sides with ResMan Over Breach of Contract and Misappropriation of Trade Secrets

Retrieved on: 
Friday, March 19, 2021
Intellectual property law, Secrecy, Trade secret

A federal jury in the Eastern District of Texas found that Karya breached its contract with ResMan and misappropriated ResMan's trade secrets.

Key Points: 
  • A federal jury in the Eastern District of Texas found that Karya breached its contract with ResMan and misappropriated ResMan's trade secrets.
  • The jury also found that Expedien, a software development company retained by Karya, tortiously interfered with the contract between ResMan and Karya and misappropriated ResMan's trade secrets.
  • Karya, working with global software development company Expedien, was found to have improperly accessed ResMan's software to develop their own property management software.
  • Karya's software application was developed after Expedien accessed ResMan's system more than 1,000 times without ResMan's knowledge or permission.

LG Energy Solution Responds To USITC Evidence in SK Innovation Trade Secret Theft

Retrieved on: 
Thursday, March 4, 2021
Professional services, Alternative energy, Alternative Vehicles, Fuels, Courts, Energy, Technology, Automotive, Security, Legal, Automotive Manufacturing, Manufacturing, Public policy, Government, Companies, Chaebol, Economy of South Korea, Secrecy, SK Group, Trade secret, LG Corporation

The exceptions were unprecedented and allow SK Innovation to continue to exploit the trade secrets it stole for a period of several more years.

Key Points: 
  • The exceptions were unprecedented and allow SK Innovation to continue to exploit the trade secrets it stole for a period of several more years.
  • "SK Innovation stole a technology that required tens of thousands of hours of careful and costly engineering.
  • The Commission wrote that "SK has a history of collecting documents about LG and SK's competition with LG, and then destroying those documents.
  • The Commission found that "[a]s the evidence indicates, SK misappropriated LG's business trade secrets, including LG's competition pricing information.

LG Energy Solution Responds to GA Governor’s Comments on USITC Trade Secret Decision

Retrieved on: 
Saturday, February 13, 2021
Public policy, Government, State, Local, Chemicals, Plastics, Public policy, Automotive Manufacturing, Other Policy Issues, Manufacturing, Countries, Continents, Regions, Intellectual property law, Secrecy, Trade secret, GEORGIA

LG Energy Solution counsel Dave Callahan issued the following statement in response to Georgia Governor Brian Kemp:

Key Points: 
  • LG Energy Solution counsel Dave Callahan issued the following statement in response to Georgia Governor Brian Kemp:
    "LG Energy Solution remains committed to negotiating a fair settlement for the theft of its trade secrets, for which the US International Trade Commission's decision provides years to accomplish.
  • But the reasonable accommodations provided to SKI's victims, including Georgia and its customers, should not undermine lawful remedies for willful violations of our trade law.
  • "The Commission's decision should not be vetoed because it does not imperil SK's Georgia facility or the jobs the company has promised to create.
  • The only obstacle to resolving this matter and securing the plant's long-term future is SKI's refusal to acknowledge its wrongdoing and make amends.

MicroVention, Inc. Files Trade Secret Lawsuit Against Balt USA, LLC

Retrieved on: 
Wednesday, December 23, 2020
Intellectual property law, Bronchus-associated lymphoid tissue, Immunology, Trade secret, Lawsuit

ALISO VIEJO, Calif., Dec. 23, 2020 /PRNewswire/ --MicroVention, Inc., a U.S. based subsidiary of Terumo and leading global neurovascular company, announced today the filing of a second lawsuit against Balt USA, LLC and four former employees for trade secret misappropriation.

Key Points: 
  • ALISO VIEJO, Calif., Dec. 23, 2020 /PRNewswire/ --MicroVention, Inc., a U.S. based subsidiary of Terumo and leading global neurovascular company, announced today the filing of a second lawsuit against Balt USA, LLC and four former employees for trade secret misappropriation.
  • This lawsuit follows an earlier patent lawsuit filed against Balt USA in July 2019 that is ongoing.
  • MicroVention alleges that during discovery in the first lawsuit, Balt reluctantly produced a significant amount of individual files containing documents stolen from MicroVention.
  • MicroVention is seeking over $100M in damages in this trade secret lawsuit.

Evolus, Inc. Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law

Retrieved on: 
Friday, December 4, 2020
Intellectual property law, Secrecy, Trade secret

Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.

Key Points: 
  • Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
  • The fraud allegations focus on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • Specifically, whether the Company concealed from investors an alleged plot to develop its Jeuveau product using stolen trade secrets.
  • On July 6, 2020 an International Trade Commission judge issued a preliminary ruling on trade secrets action involving Evolus.

Evolus, Inc. Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law

Retrieved on: 
Thursday, November 26, 2020
Intellectual property law, Secrecy, Trade secret

Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.

Key Points: 
  • Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
  • The fraud allegations focus on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • Specifically, whether the Company concealed from investors an alleged plot to develop its Jeuveau product using stolen trade secrets.
  • On July 6, 2020 an International Trade Commission judge issued a preliminary ruling on trade secrets action involving Evolus.

LG Chem Responds to Delay in ITC Ruling on Trade Secret Case

Retrieved on: 
Monday, October 26, 2020
Other Energy, Professional services, Consumer electronics, Energy, Technology, Automotive, Legal, Engineering, Chemicals, Plastics, Automotive Manufacturing, Other Automotive, Manufacturing, Companies, Economy of South Korea, Chaebol, LG Corporation, Business, LG Chem, Secrecy, Trade secret, SK Group, Misappropriation

The US International Trade Commission announced Monday it would extend until December 10 its investigation of the trade secret dispute between LG Chem and SK Innovation, two makers of batteries for electric vehicles.

Key Points: 
  • The US International Trade Commission announced Monday it would extend until December 10 its investigation of the trade secret dispute between LG Chem and SK Innovation, two makers of batteries for electric vehicles.
  • "Today's routine action by the International Trade Commission neither erases SK Innovation's misappropriation of LG Chem's trade secrets nor does it signal an outcome that might acquit this theft," Bert C. Reiser, counsel to LG Chem, said.
  • "Today's delay notwithstanding, we remain extremely confident that the Commission will hold SK Innovation responsible for their theft and issue appropriate remedies to make LG Chem whole."
  • In February, an administrative law judge within the Commission ruled that SKI misappropriated LG Chems technology and later destroyed evidence to obstruct justice.