$1B Suit Says Hitachi Stole Trade Secrets For Fukushima Work
Law360, New York (August 31, 2016, 7:43 PM EDT) -- Purolite Corp. on Wednesday hit Hitachi America Ltd. and another firm with a $1 billion suit in New York federal court, accusing them of conspiring to steal Purolite's water treatment trade secrets in order to secure contracts for radioactive water decontamination at the tsunami-ravaged Fukushima Daiichi nuclear plant in Japan.
Purolite, which designs water treatment and radioactive decontamination technologies, claims that Hitachi breached deals in which Purolite agreed to confidentially share proprietary information about its Core Technology water treatment process in a joint venture to win contracts to decontaminate water at the Fukushima plant, heavily damaged by a 2011 earthquake and...
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