TradeSecrets

B. Riley Takes Legal Action Against Former Banking Head Over Alleged Theft of Trade Secrets

4 days ago

In a significant legal move, B. Riley Financial Inc. has initiated a lawsuit against its former head of banking, Michael C. J. Tully. The firm accuses Tully of misappropriating sensitive trade secrets during his time at the company, raising substantial concerns about the breach of confidentiality and professional ethics within corporate environments.

Ex-ASML Employee Accused of Trade Secret Theft in FBI Investigation

17 days ago

In a startling development that could have significant implications for the semiconductor industry, an ex-employee of ASML, a leading supplier of advanced semiconductor manufacturing equipment, has come under investigation by the FBI for allegedly stealing trade secrets. The accusation raises concerns about the safeguarding of proprietary technology and the competitive dynamics in the high-stakes world of chip production.

Citadel Securities Paves the Way in Trade Secrets Litigation Against Portofino

2 months ago

In a significant legal development, Citadel Securities has received the green light for its trade secrets lawsuit against Portofino Technologies. This decision was made by a federal judge who ruled that the case could proceed, marking a crucial step in Citadel's efforts to protect its proprietary trading methodologies and technological innovations.

Phillips 66 Hit with $604.9 Million Verdict in Trade Secrets Case

2 months ago

In a landmark ruling, Phillips 66 has been ordered to pay a staggering $604.9 million in damages related to a contentious trade secrets lawsuit. The case centers around allegations that the energy giant unlawfully appropriated proprietary technology from a former partner.