trade secrets News

Rivian to Face Trial in Tesla Trade Secrets Theft Case, Judge Says

Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon Musk’s Tesla to steal trade secrets, according to a tentative ruling issued by a California judge. Judge Theodore C. Zayner …

HSBC Faces Trimmed-Down Trade Secrets Lawsuit Over SVB Hires

HSBC Holdings Plc won the dismissal of most claims brought by First Citizens Bank & Trust Co. over the hiring of dozens of Silicon Valley Bank employees following the lender’s collapse last year. In an order Tuesday, US Magistrate Judge …

AIG Sues Newly Launched Dellwood Insurance and Its Founders

American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month ago. According to …

Apple is Settling Chip Secrets Theft Case Against Startup Rivos

Apple Inc. said it’s reached an agreement that potentially settles its 2022 lawsuit accusing startup Rivos Inc. of poaching engineers to steal trade secrets. In a joint court filing Friday, the companies told a judge they’re aiming to finalize an …

Ford Wins Reversal of $105M Trade Secrets Verdict

A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co. to pay Versata Software Inc $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. U.S. District Judge Matthew Leitman said that …

SK Innovation Loses U.S. Battery Trade Case but Gets Temporary OK to Sell to Ford, VW

WASHINGTON — The U.S. International Trade Commission (ITC) on Wednesday sided with South Korea’s chemicals and electric vehicle (EV) battery maker LG Chem Ltd, which accused its cross-town rival SK Innovation Co Ltd of misappropriating trade secrets related to EV …

Snowcat Outfitter Sues Former Guide, Claims ‘Trade Secrets’

DENVER — Stephen Bass approached Andy Sovick last year with a plan for writing a guide to snowmobile-access skiing around one of the most popular backcountry destinations in Colorado: Buffalo Pass near Steamboat Springs. Bass, a ski patroller at Utah’s …

U.S. Aims to Stop Flow of Private Data to China With Charges

For the last several years, hackers based in China have allegedly been sucking up vast amounts of personal data of U.S. citizens: names, dates of birth, Social Security numbers, even fingerprints. On Monday, the U.S. Justice Department took another stab …

L’Oreal Owes Olaplex $91 Million for Stealing Trade Secrets

In the final moments of his rebuttal to L’Oreal SA’s closing argument in a trade-secrets trial, a lawyer for California startup Olaplex LLC told jurors they would choose the victor in a courtroom battle of biblical proportions. “David versus Goliath,” …

L’Oreal Fights California Startup Over Secret to Protecting Hair

L’Oreal SA made its name with an innovative hair-dyeing technology more than a century ago. Now the world’s largest beauty company is facing off in federal court against a California startup with pioneer claims of its own. The startup, Olaplex …