This week marks the one-year anniversary of our first post to the Duane Morris Green IP Blog, so we thought we’d mark the occasion with a look back at our top posts of the first year. This list was developed subjectively from a loose combination of reader feedback, page traffic, and republication. Continue reading Top Posts from Our First Year of the Duane Morris Green IP Blog
- Advanced nuclear reactor design firm Transatomic Power announced that it will suspend operations and open-source its intellectual property.
- Transatomic’s intellectual property portfolio includes three patent applications and, presumably, reactor designs and specifications that have been held until now as trade secrets.
Transatomic Power, a company that once aimed to repurpose spent nuclear fuel as an energy source for advanced reactors, announced recently that it will suspend operations and open source its intellectual property. Transatomic cited its inability to “scale up the company rapidly enough to build our reactor in a reasonable timeframe” as the reason for closing shop. Continue reading Transatomic Power to Open Source IP Regarding Advanced Molten Salt Reactors
- While defending against allegations of trade secret misappropriation, EVelozcity attempted to disqualify part of Faraday’s legal team for a conflict of interest. That attempt fell short when the court ruled that EVelozcity had not shared confidential information with the allegedly-conflicted attorneys.
As discussed in our previous post, the artificial intelligence electric vehicle developer Faraday&Future, Inc. filed a lawsuit in January against rival startup EVelozcity, Inc. for misappropriation of trade secrets. Several senior members of the EVelozcity team were formerly employed by Faraday, and Faraday accused those former employees of stealing trade secrets on their way out the door. EVelozcity responded to these accusations with two motions to the court. Continue reading EVelozcity Loses Bid to Disqualify Part of Faraday’s Legal Team
- The artificial intelligence electric vehicle developer Faraday&Future has sued rival EVelozcity for misappropriation of trade secrets.
- EVelozcity was formed by the former CFO of Faraday and allegedly recruited several Faraday employees to defect and bring substantial amounts of confidential Faraday data with them.
In January, the artificial intelligence electric vehicle developer Faraday&Future, Inc. filed a lawsuit against rival startup EVelozcity, Inc. for misappropriation of trade secrets. Faraday has reportedly invested more than $1 billion to develop a vehicle called FF 91, which is scheduled to begin production late this year. Continue reading Breaking Down the Faraday Future Trade Secret Case
Chinese wind turbine manufacturer Sinovel Wind Group Co. Ltd. was convicted last month of stealing software from AMSC Inc., a U.S.-based company formerly known as American Superconductor Inc. The theft nearly destroyed the American company, which lost substantial service contracts after the theft and began to shed market capitalization, jobs, and facilities as a result. With the conviction, Sinovel now awaits sentencing, scheduled for June 2018, which could include more than $1 billion in fines and a multi-year probationary period. Continue reading Three Lessons from the Conviction of Sinovel Wind Group for Trade Secret Theft
- A manufacturer of solar inverter components, MAGicALL, has accused its former customer Advanced Energy Industries of stealing trade secrets and violating non-disclosure agreements relating to MAGicALL’s product designs.
- Trade secret law protects companies against the misappropriation of valuable business information that has been subject to reasonable efforts to maintain secrecy.
California’s MAGicALL, Inc. has filed a lawsuit against Advanced Energy Industries, Inc. (“AEI”) and several affiliated companies alleging breach of non-disclosure agreements and theft of trade secrets relating to MAGicALL’s solar inverter technology. In a Complaint filed in federal court in Colorado this month, MAGicALL requested that the court issue an injunction preventing AEI from continuing to sell any products containing MAGicALL’s proprietary technology, and award monetary damages in an amount yet to be determined. Continue reading Dispute Over Solar Inverter Technology Heads to Federal Court