Perhaps
you don’t have any idea how awkward it could be if one is found guilty of
stealing trade secret. The theft of trade secret is a federal crime and these
days, Dan
Roselli – co-owner of Red
F Marketing, is feeling the heat. Bridgetree, an eminent software
company, is trying to force Red F Marketing into bankruptcy in an attempt to
collect on a $4.2 million August jury award following a federal racketeering
trial.
Wondering
what crime has Dan Roselli committed? Well, in my previous blog post I have talked
about it intricately. In brief, Bridgetree filed a lawsuit in federal court
against Daniel Roselli – co-owner of Packard
Place, Teng Li, Jason Li, Mali Xu, Mark Epperly, Elton T. Scripter, Red
F Marketing and Target Point. All of them have been charged with stealing trade
secret from Bridgetree.
On
August 10, a federal-court jury in Charlotte awarded Bridgetree
Inc. $4.2 million after finding that Red F Marketing illegally took software
belonging to Bridgetree. In order to force Red F to pay the $4.2 million award,
Bridgetree Inc. filed the involuntary bankruptcy petition against Red F and Dan
Roselli, in the Charlotte division of the Western N.C. District of U.S.
Bankruptcy Court.
Zynga, renowned provider of social game
services, sues its own employee for stealing trade secrets. The company has filed
a lawsuit against its former CityVille general
manager for stealing documents contained sensitive information about Zynga’s
operations. In August, Patmore left Zynga for joining one of its competitors,
Kixeye, as the vice president of product.
I
would like to draw your attention to one of the largest-ever trade-secret theft
prosecutions the federal government has ever pursued. Last year, DuPont – one
of the world's largest chemical companies was awarded almost $920 million in a
trade secrets theft case against Kolon Industries Inc. by Department of Justice. The company
was accused of stealing information about DuPont's Kevlar brand technology to
develop a competing high-strength fiber.
