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Intellectual Property Law

: The Trade Secrets Vault

New Jersey man sentenced in trade secret theft

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By: The Associated Press A New Jersey man who was a chemist at a suburban Chicago paint factory has pleaded guilty to stealing trade secrets. David Yen Lee of Jersey City, N.J., pleaded guilty in September to stealing formulas and other proprietary information valued up to $20 million from Valspar Corp. between September 2008 and February 2009. Federal prosecutors say the 54-year-old Lee stole the information as he was preparing to work for a competitor in China. To read the complete article from Bloomberg, please click here.

Full post as published by The Trade Secrets Vault on December 11, 2010 (boomark / email).

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