Ex-Bristol Myers Worker Pleads Guilty To IP Theft

Law360, New York (November 5, 2010, 5:59 PM EDT) -- A former employee of Bristol-Myers Squibb Co. has pled guilty to stealing trade secrets from the company in order to set up a competing business in his native country of India.

Shalin Jhaveri, 30, entered a guilty plea to one count of trade secrets theft on Friday in the U.S. District Court for the Northern District of New York. He faces a sentence of up to 10 years in prison and a possible fine of $250,000, according to the the office of U.S. Attorney for the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.