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Intellectual Property Law

: The Trade Secrets Vault

Indian pleads guilty to stealing trade secrets in US

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An Indian-origin former employee of pharma company Bristol-Myers-Squibb has pleaded guilty to stealing trade secrets from the drug manufacturer so that he could set up his own business in India. Shalin Jhaveri, 30, entered a guilty plea to a one-count charge of theft of trade secrets. A Syracuse, New York resident, Jhaveri faces up to 10 years in prison, a USD 250,000 fine and up to three years of supervised release and deportation, US Attorney for the Northern District of New York Richard Hartunian said in a statement. To read the complete article from The Economic Times, please click here.

Full post as published by The Trade Secrets Vault on November 08, 2010 (boomark / email).

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