Shield Says Ex-Managers Gave Trade Secrets To Rival

Law360, New York (September 6, 2011, 5:24 PM EDT) -- U.S. military supplier Shield Technologies Corp. sued two former managers Tuesday in Illinois, claiming they improperly disclosed trade secrets to key rival Transhield Inc. in violation of employment contracts.

Shield Technologies accused its former general manager Thomas W. Nelson and its former marketing manager Jeffrey D. Vold of improperly advising Transhield on selling protective equipment covers to the U.S. Department of Defense — Shield Technologies' largest and most important client.

"Nelson and Vold are contractually precluded from using or revealing any confidential information or trade secrets...
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.