SAP Unit Execs Resign As Trade Secrets Spat Rages

Law360, New York (November 20, 2007, 12:00 AM EST) -- Top executives at a unit of software maker SAP AP have resigned amid a bitter trade secrets dispute with Silicon Valley rival Oracle Corp, SAP said Monday.

The German software maker said in a statement that several senior managers of TomorrowNow Inc, including the CEO, had stepped down, and the company was mulling a potential sale of the division.

SAP was sued earlier this year by Oracle, which accused employees at its Texas-based subsidiary of accessing Oracle’s Web site to steal source code. Oracle said in...
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.