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Kaedar Electronics Acknowledges Paying Brokerage Commission in Apple Trade Secret Theft Case

In Breaking News, Criminal Theft of Trade Secrets, Fun with Trade Secrets on August 17, 2010 at 3:21 am
Apple.
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Ting-I Tsai of the Wall Street Journal reports that the parent of Kaedar Electronics Co. “acknowledged Monday that Kaedar did pay brokerage commission to an intermediate trading company for its business with Apple between 2005 and 2008. But it said it is not sure if the arrested Apple employee is behind the intermediate trading company.”

Apple’s Complaint alleges that “[f]rom at least March 2008 through the filing of this Complaint, Devine demanded and received illicit payments, kickbacks, bribes and other things of value from Kaedar and, in exchange, Devine provided Kaedar with Apple’s Confidential Information.”  Complaint ¶ 51.  “With Apple’s Confidential Information, Kaedar was able to construct offers to Apple on terms more favorable to Kaedar, and less favorable to Apple.”  Id. ¶ 58.

UPDATE:  Kaedar Electronics Suspends Manager

By CHARLES H. JUNG

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