Magic Leap, Ex-Execs Settle Stolen Trade Secrets Suit

Law360, New York (August 22, 2017, 6:18 PM EDT) -- A California federal judge Monday dismissed a suit by Google-backed Magic Leap against two former executives who allegedly stole trade secrets, citing a confidential settlement the parties had reached.

The deal ends Florida-based Magic Leap Inc.’s suit filed in May 2016, just months after it announced that it had received $793 million from Alibaba Group Holding Ltd. and a consortium of private equity and institutional investors, including Google Inc. and Qualcomm Ventures, to develop virtual reality products.

The suit accused former Magic Leap Vice President of Special Projects Adrian Kaehler and former Senior Vice President Gary Bradski of conspiring for more than...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!