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  4.  | Zest Labs accuses Walmart of theft of trade secrets

Zest Labs accuses Walmart of theft of trade secrets

| Aug 2, 2018 | Trade Secret And Non-Compete Disputes |

The ideas and innovations that drive a company can play an integral role in its success. Many companies in Florida seek to protect such sensitive information at all costs, and if a company feels as though another party has gained access to valuable trade secrets unlawfully, it may wish to pursue restitution through litigation. Zest Labs has recently filed a lawsuit against Walmart, accusing the retail giant of stealing sensitive trade secrets.

According to reports, Zest Labs had spent several years providing the retailer with ways to keep fruits and vegetables preserved and fresh and cut down on waste. Walmart eventually ended the arrangement and released information about its own developments in waste prevention technology. However, Zest Labs claims this technology is similar to its own, and it has accused Walmart of using years of access to sensitive information to steal valuable trade secrets.

In addition to theft of trade secrets, Zest Labs has also accused Walmart of breach of contract. The company reportedly asserts the technology could save the retailer billions of dollars over the next decade. In the lawsuit, Zest Labs is seeking to recover as much as $2 billion in damages and protect sensitive company information.

Many companies consider it vital to take measures to protect valuable trade secrets. Should a business owner feel as though another party has obtained sensitive information through unlawful methods, he or she could choose to consult with an attorney for guidance on the available options for legal recourse. An attorney in Florida can evaluate the circumstances a client is facing and assist in pursuing the full amount of restitution entitled through the necessary outlets.