EY Accused Of Taking Ryan LLC's Energy Tax Trade Secrets

By Michelle Casady (June 16, 2020, 4:35 PM EDT) -- Ryan LLC is accusing Ernst & Young LLP in a new lawsuit of trying to reverse engineer a proprietary process and steal clients by demanding that the firm's energy clients turn over trade secrets and confidential methodologies Ryan developed.

Ryan, a Texas-based accounting and consulting firm, sued Ernst & Young Monday in Harris County District Court, claiming breach of contract, trade secret misappropriation and tortious interference. Ryan also sued S.K. Thakkar, a senior manager at EY who formerly worked for a Ryan subsidiary, who it claims violated several employment agreements by working for a direct competitor and stealing confidential information.

Ryan, which says...

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