cageymaru
Fully [H]
- Joined
- Apr 10, 2003
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A jury in California has awarded Lumiled $66 million in damages for industrial espionage committed by one of their former employees. Chinese citizen Gangyi Chen was working for Lumileds in San Jose, CA when he was recruited for a job back in mainland China. After accepting employment from Elec-Tech International (ETI) he proceeded to download thousands of files containing company trade secrets from the Lumiled servers. Then he smuggled them to China and received compensation in the form of promotions to the level of vice president and is one of the highest paid senior executives at the company. ETI contends that the technology pilfered, is now common knowledge in LED manufacturing sector, so no compensation should have been awarded.
Chen's recruitment at ETI was part of a larger campaign to pilfer employees -- and intellectual property -- from Lumileds, the suit claimed. "Several employees recruited from Lumileds were fired or resigned within months of joining, after they refused to share trade secrets of Lumileds," the suit alleged.
Chen's recruitment at ETI was part of a larger campaign to pilfer employees -- and intellectual property -- from Lumileds, the suit claimed. "Several employees recruited from Lumileds were fired or resigned within months of joining, after they refused to share trade secrets of Lumileds," the suit alleged.