Sunday, February 11, 2018

CALIFORNIA STATE COURT RULES IN FAVOR OF CP KELCO IN TRADE SECRETS THEFT CASE

Former Employee Found Guilty of Misappropriation of Trade Secrets

ATLANTA, Feb 9 (Bernama-GLOBE NEWSWIRE) -- CP Kelco, a leading global producer of specialty hydrocolloid solutions, announced today that a California state court issued a judgment in its favor in a legal case filed against one of its ex-senior scientists, Dr. Chienkuo "Ronnie" Yuan, Director of Innovation at DSM (China) Ltd. Dr. Yuan was an employee with CP Kelco for 14 years before departing in 2014 to join DSM, a subsidiary of Royal DSM, N.V. and a competitor of CP Kelco in the gellan gum industry.

In July 2015, CP Kelco filed a Complaint against Dr. Yuan in San Diego Superior Court, following several attempts to address CP Kelco's legitimate concerns that the Company's intellectual property may have been used for the benefit of DSM by Dr. Yuan.
http://mrem.bernama.com/viewsm.php?idm=31169

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