Misappropriation

Richard R. Wier, Jr.'s new book "They Had to Die that Night: The Inside Story of the Investigation and Trial of Herbert F. Steigler" is a thrilling work of true crime

Retrieved on: 
Thursday, April 15, 2021

Upon examination, Detective Thomson observed that the basement doors were locked from the inside, preventing entry by anyone from the outside.

Key Points: 
  • Upon examination, Detective Thomson observed that the basement doors were locked from the inside, preventing entry by anyone from the outside.
  • This helped eliminate the issue of whether an intruder had committed the crimes.
  • The investigators were astonished to see numerous and varied containers similar to the containers found in the first and second floors.
  • This true-crime novel is full of crime, murder, drama, adultery, misappropriation of funds, lie detector tests, unethical business practices, and commercial crimes.

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

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Monday, October 26, 2020

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.

Daewoong Pharmaceutical Welcomes ITC Decision to Review Judge’s Initial Determination

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Tuesday, September 22, 2020

Daewoong Pharmaceutical Co., Ltd. today commented on the decision by the United States International Trade Commission to comprehensively reconsider a judges initial determination in the case.

Key Points: 
  • Daewoong Pharmaceutical Co., Ltd. today commented on the decision by the United States International Trade Commission to comprehensively reconsider a judges initial determination in the case.
  • Daewoong and its partner Evolus, Inc. contend the judges initial determination contained significant legal and factual errors and, if adopted as final by the ITC, risks setting dangerous policy precedents.
  • The ITC has announced it will review several issues as requested by Daewoong and Evolus, including subject matter jurisdiction, standing, trade secret existence and misappropriation, and domestic industry.
  • As part of its review process, the ITC has solicited comments on the public interest implications relating to the issues under review.

Everlight Is Criminally Convicted for Misappropriating Seoul Semiconductor’s Trade Secrets

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Wednesday, September 2, 2020

Seoul Semiconductor Co., Ltd. (Seoul) (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that the Korean Suwon District Court convicted Everlight Electronics (Everlight) of criminal misappropriation of Seouls trade secrets.

Key Points: 
  • Seoul Semiconductor Co., Ltd. (Seoul) (KOSDAQ 046890), a leading global innovator of LED products and technology, announced that the Korean Suwon District Court convicted Everlight Electronics (Everlight) of criminal misappropriation of Seouls trade secrets.
  • Three former employees of Seoul who left the company and went to work at Everlight were also criminally convicted of trade secret misappropriation.
  • Everlight was sentenced to the maximum criminal fine permitted under Korean law for commission of such a crime.
  • The Korea Prosecutors Office criminally indicted Everlight for violating the Industrial Technology Protection Act, as well as the Trade Secret Protection Act.

AlterG, Inc. Announces Settlement of Federal Trade Secrets Lawsuit

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Tuesday, June 16, 2020

FREMONT, Calif., June 15, 2020 /PRNewswire/ -- AlterG, Inc. announced today the dismissal of its federal trade secret and breach of contract lawsuit against Boost Treadmills LLCand three former employees, pursuant to a confidential settlement agreement.

Key Points: 
  • FREMONT, Calif., June 15, 2020 /PRNewswire/ -- AlterG, Inc. announced today the dismissal of its federal trade secret and breach of contract lawsuit against Boost Treadmills LLCand three former employees, pursuant to a confidential settlement agreement.
  • The action filed by AlterG in December 2018 alleged misappropriation of AlterG intellectual property and breach of employee confidentiality agreements in connection with Differential Air Pressure ("DAP") treadmill technology.
  • AlterG is the world leader and innovator of DAP treadmill technology used by leading professional sports teams, university athletic programs, and physical rehabilitation facilities worldwide.
  • Charles Remsberg, CEO of AlterG, stated, "AlterG is committed to protecting its intellectual property and is pleased we were able to achieve a settlement to dismiss the lawsuit."

Rogers Corporation and Diversified Silicone Products Corporation File Complaint to Stop ElastaPro’s Misappropriation of Trade Secrets and Unfair Competition

Retrieved on: 
Thursday, March 5, 2020

The Complaint asserts that ElastaPro has unlawfully obtained and leveraged Rogers trade secretsincluding technical formulations and manufacturing knowhowto fast-track its market entry and compete unfairly with Rogers.

Key Points: 
  • The Complaint asserts that ElastaPro has unlawfully obtained and leveraged Rogers trade secretsincluding technical formulations and manufacturing knowhowto fast-track its market entry and compete unfairly with Rogers.
  • Rogers has asked the Court to hold ElastaPro liable for Violation of Defend Trade Secrets Act, Violation of California Uniform Trade Secrets Act, Intentional Interference with Prospective Economic Advantage, Conversion, Unfair Competition, and Unjust Enrichment.
  • Rogers seeks monetary damages and an injunction to stop ElastaPros misappropriation of its trade secrets.
  • Diversified Silicone Products Corporation is a custom quality stock direct-to-customer silicone product development and manufacturing business headquartered in Arizona and operating in Carol Stream, Illinois.

Taoglas Settles Litigation Against 2J Antennas

Retrieved on: 
Wednesday, January 15, 2020

Taoglas , a leading provider of next-generation IoT solutions, today announced that Taoglas Group Holdings Limited and Taoglas USA, Inc. have resolved their litigation against 2J Antennas USA, Corp., 2J Antennas S.R.O, and Javier Ruben Flores Cuadras.

Key Points: 
  • Taoglas , a leading provider of next-generation IoT solutions, today announced that Taoglas Group Holdings Limited and Taoglas USA, Inc. have resolved their litigation against 2J Antennas USA, Corp., 2J Antennas S.R.O, and Javier Ruben Flores Cuadras.
  • Taoglas brought the lawsuit in the United States District Court in San Diego for violations of trade secret misappropriation, breach of contract, intentional interference with contract, and patent infringement.
  • Taoglas and 2J resolved the matter via a confidential settlement.
  • We will continue to vigorously defend our intellectual property rights from anyone who seeks to impermissibly copy Taoglas innovative, high-quality products, said Ronan Quinlan, Co-CEO of Taoglas.

CITCON Wins Legal Case Against RiverPay on Misappropriation of Trade Secrets

Retrieved on: 
Wednesday, December 25, 2019

CITCON , the leading mobile payment and commerce solution provider, announced that it has prevailed in its lawsuit for misappropriation of source code trade secrets against RiverPay Inc, a Canadian Corporation and Yue (York) Hua, a co-founder of RiverPay and a former employee of CITCON.

Key Points: 
  • CITCON , the leading mobile payment and commerce solution provider, announced that it has prevailed in its lawsuit for misappropriation of source code trade secrets against RiverPay Inc, a Canadian Corporation and Yue (York) Hua, a co-founder of RiverPay and a former employee of CITCON.
  • CITCON sued RiverPay on May 2, 2018 in the U.S. District Court for the Northern District of California, San Jose, California.
  • Specifically, the jury found that RiverPay and Yue (York) Hua had acquired and used CITCONs source code trade secrets with improper means.
  • By stealing the mobile payment system technologies developed by CITCON, RiverPay entered the mobile payment market and built its business in unlawful ways, said Chuck Huang, CEO & Founder of CITCON.

Ucore Press Release Misleads Public Regarding Legal Disputes with IBC

Retrieved on: 
Monday, September 16, 2019

AMERICAN FORK, Utah, Sept. 16, 2019 /PRNewswire/ --On September 13, 2019, Ucore Rare Metals Inc. ("Ucore") issued yet another misleading press release entitled "Update on IBC Acquisition Legal Proceedings."

Key Points: 
  • AMERICAN FORK, Utah, Sept. 16, 2019 /PRNewswire/ --On September 13, 2019, Ucore Rare Metals Inc. ("Ucore") issued yet another misleading press release entitled "Update on IBC Acquisition Legal Proceedings."
  • Ucore's so-called "update" is remarkable given that there are not, and have not been, any "IBC acquisition legal proceedings" in Utah.
  • "In Nova Scotia, where IBC has challenged jurisdiction, Ucore has been enjoined against proceeding under the Option Agreement.
  • Please see IBC press release:
    The actions in Utah were filed by IBC against Ucore and involve allegations against Ucore of breach of contract, fraud, misappropriation of trade secrets, tortious interference, copyright infringement, and conspiracy among others.

Collidion Announces Settlement of Sonoma Litigation

Retrieved on: 
Monday, November 12, 2018

PETALUMA, Calif., Nov. 12, 2018 /PRNewswire/ -- Sonoma Pharmaceuticals, Inc. ("Sonoma") and Collidion Inc. ("Collidion") have today announced agreement to settle Sonoma's claims of trade secret misappropriation and breaches of fiduciary duty against Collidion and certain of Collidion's employees.

Key Points: 
  • PETALUMA, Calif., Nov. 12, 2018 /PRNewswire/ -- Sonoma Pharmaceuticals, Inc. ("Sonoma") and Collidion Inc. ("Collidion") have today announced agreement to settle Sonoma's claims of trade secret misappropriation and breaches of fiduciary duty against Collidion and certain of Collidion's employees.
  • In 2017, Sonoma filed a lawsuit against Collidion, Hojabr Alimi, Sameer Harish, and Monica Shaffer in federal district court, alleging the misappropriation of its trade secrets and confidential and proprietary information relating to hypochlorous acid products.
  • As part of the settlement, Sonoma will dismiss this legal action without any admission of wrongdoing by any Defendant.
  • The agreement is to the satisfaction of all parties, but the terms of the settlement are otherwise being kept confidential.