Drone Contractor Says PE Firm Poached Info, Employees

Law360, Los Angeles (February 22, 2013, 10:17 PM EST) -- In a suit removed to Tennessee federal court Friday, drone manufacturer and defense contractor ISR Group Inc. says two of its former employees plotted to defect to rival company Academi LLC after acquisition talks with a private equity-focused investment group that holds a stake in Academi failed.

The suit, originally filed in the Chancery Court of Tennessee in January, claims investment group Manhattan Partners used the deal talks as a ruse to obtain valuable trade secret and financial information about ISR, then took the company’s information...
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