caltradesecrets.com

Posts Tagged ‘Espionage’

Chemist Pleads Guilty to Theft of Trade Secrets After Allegedly Downloading Technical Materials Before Leaving to Work for an Overseas Competitor

In Breaking News, Criminal Theft of Trade Secrets on September 3, 2010 at 8:32 am
Seal of the United States Department of Justice
Image via Wikipedia

The Sun-Times Media Wire reports that a former chemist and technical director for Valspar Corporation’s architectural coatings group pleaded guilty on Wednesday for stealing formulas and other trade secrets worth up to $20 million as he prepared to go to work for Nippon Paint, an overseas competitor.  The defendant was charged with five counts of theft of trade secrets in violation of the federal Economic Espionage Act in an indictment returned by a federal grand jury. Read the rest of this entry »

Advertisements