HP Alleges Former Employees Stole Company Secrets

Law360, New York (December 1, 2005, 12:00 AM EST) -- Computer maker Hewlett-Packard has accused several former employees of pulling a “multi-million dollar swindle,” alleging that the employees stole HP technology and set up their own electronics company. The scheme cost HP more than $100 million, according to the company.

The suit, filed in the U.S. District Court for the Eastern District of Texas, claims that Karl Kamb, Jr., Marc McEachern, William Taffel, and David Thorson began developing their own company, Byd:sign, while still employed by HP.

HP became aware of the employees’ activities after Karl...
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.