Best Buy Faces Trade Secrets Suit Over Buy-Back Plan

Law360, New York (February 14, 2011, 8:05 PM EST) -- A startup company has accused Best Buy Co. Inc. of stealing the idea for its much-hyped electronics buy-back program in violation of a confidentiality agreement.

California-based TechForward Inc. filed suit in U.S. District Court for the Central District of California on Friday, alleging that the electronics retail giant illegally modeled its electronics buy-back program after the startup's own project.

Best Buy unsuccessfully tried to develop its own buy-back program but failed, the suit contends.

"Consequently, Best Buy looked to TechForward for a solution," the complaint said....
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