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ITMG Insider Threat Cases – March 13, 2022

Walmart Defeats Contempt Bid After Losing Trade-Secrets Case

An Arkansas federal court was right to reject Cuker Interactive’s contempt bid, which the 8th U.S. Circuit Court of Appeals said required more than an expert’s “hunch” that Walmart was still using its secrets following a permanent injunction and $3 million fine.

San Diego-based Cuker worked with Walmart to make its grocery websites more accessible across different devices. Walmart sued Cuker for breaching their contract shortly after their work started in 2014, and Cuker countersued for trade-secret misappropriation.

Boeing Foe’s ‘David and Goliath’ Fight Flexes Trade Secret Power

Alabama Aircraft Industries Inc. claimed Boeing broke off a partnership under false pretenses, then used its trade secrets to win a contract AAI had held for decades. Boeing’s $1.16 billion bid in 2008 beat AAI’s by 1.28%, spawning a 2011 lawsuit.

The revival of allegations that the Boeing Co. bankrupted an ex-partner by using its secrets to win a billion-dollar contract reopens a rancorous feud and highlights the reach of trade secrets penalties.

Cartier Sues Tiffany for Allegedly Stealing Trade Secrets

According to a Bloomberg report, Cartier has sued jewelry brand Tiffany & Co. for stealing trade secrets pertaining to its most exclusive products.

Megan Marino was hired by Tiffany to work on its “high jewelry” collection involving one-of-one pieces that fetch upwards of $10 million USD. In the recent lawsuit, Marino is accused of downloading confidential information pertaining to Cartier’s high-end business before leaving the company and handing it to her new employers at Tiffany.

Federal Trial to Start in Alleged Theft of GE Trade Secrets in Schenectady

Jury selection is scheduled to begin Thursday in the federal trial of a former General Electric engineer accused of stealing trade secrets from GE Power in Schenectady.

Xiaoqing Zheng of Niskayuna was arrested in 2018 on 14 charges of theft of trade secrets, economic espionage, conspiracy to commit both, and making false statements to investigators.

Zheng is alleged to have worked with a relative by marriage in China to accomplish thefts of technology for gas and steam turbines.

Chinese Chipmaker to Stand Trial for Technology Theft Charges Set in Motion by Trump’s ‘China Initiative’

Chinese tech firm Fujian Jinhua Integrated Circuit Co. is going to trial after the U.S. government blacklisted the company for allegedly stealing technology from a semiconductor producer in Idaho over three years ago.

The chip manufacturer is expected to appear in court on Monday in San Francisco to fight allegations of economic espionage and conspiracy to steal trade secrets from Micron Technology Inc., reports Bloomberg.

Florida Woman Pleads Guilty to Embezzling Over $270,000 from Non-Profit Organization

From January 2015 through December 2020, Ballard embezzled $271,465 from the organization. She fraudulently wired organization funds to bank accounts that she controlled, intercepted credit card rewards checks issued to the organization, and then deposited those checks into a bank account she controlled, and fraudulently charged personal purchases on the organization’s credit card. On Nov. 5, 2020, she used the organization’s credit card to pay $24,694 in restitution to the Arlington County Circuit Court for a prior embezzlement scheme for which she was convicted in Virginia.

This entry was posted on Sunday, March 13th, 2022 at 9:11 pm. Both comments and pings are currently closed.