Six Fitbit employees indicted for stolen trade secrets
From now-bankrupt rival Jawbone 😮
Posted on June 15, 2018 3:24 PM.
The Wall Street JournalAssociated Press
U.S. prosecutors have charged six current and former employees of Fitbit Inc. with possessing trade secrets stolen from rival company Jawbone.
The VergeShannon Liao
The indictment states that the six employees were former Jawbone employees who received the trade secrets after leaving the company, violating confidentiality agreements they had signed with Jawbone. ... including over 300,000 confidential files, but a judge ruled in Fitbit’s favor. Although the case continued over patent infringements, the two reached a settlement in December. By then, Jawbone and its parent company, AliphCom, had already gone out of business.
All six used to work for Jawbone for at least a year between May 2011 and April 2015. If you'll recall, the fallen wearables giant filed a lawsuit against Fitbit back in 2015 for "systematically plundering" insider information...
Apparently, the 2015 lawsuit involved the same six people involved now 🤔
"Intellectual property is the heart of innovation and economic development in Silicon Valley," Acting U.S. Attorney Alex G. Tse said in a statement. "The theft of trade secrets violates federal law, stifles innovation, and injures the rightful owners of that intellectual property."
The six employees are scheduled to appear in court on July 9th, and could face up to 10 years in prison if convicted.
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