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Verizon sues former Alltel exec over trade secrets

By Phil Goldstein Fierce Wireless Verizon Wireless filed a lawsuit against a former Alltel executive who has since joined Allied Wireless, a new company that will run some of the former properties and assets Verizon divested as part of its $28.1 billion purchase of Alltel. Atlantic-Tele Network, which agreed to pay Verizon $200 million to acquire the divested wireless spectrum licenses and network assets, recently formed Allied as a subsidiary company. ATN said Allied would be headquartered in Little Rock, Ark. (where Alltel's headquarters were located), and would hire formerAlltel workers who had been laid off after Verizon's purchase.

Full post as published by The Trade Secrets Vault on December 25, 2009 (boomark / email).