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Home | Trade Secret And Non-Compete Disputes | Cisco files theft of trade secrets claim against former employees

Cisco files theft of trade secrets claim against former employees

| Nov 20, 2019 | Trade Secret And Non-Compete Disputes |

Many companies in Florida and elsewhere consider their intellectual property to be a cornerstone for the success of the business and wish to protect such information at all costs. Theft of trade secrets is a major concern for many companies and the outcome of such disputes can affect the future of a business in various ways. Networking company Cisco Systems Inc. has reportedly filed a lawsuit accusing some of its former employees of stealing sensitive company information and sharing it with their new employer.

After resigning from their positions within the company, Cisco claims that all three former employees obtained a position with rival company Poly. Prior to turning in his resignation, Cisco asserts that one of the men downloaded sensitive information on a variety of products and services. The company says that this also included design information on a prototype of an upcoming product.

The company also asserts that upon obtaining a job at Poly, the man proceeded to reach out to and recruit two former co-workers. Cisco says that both of the employees accessed proprietary information before leaving to work at Poly. The company has since filed a lawsuit against the three individuals accusing them of stealing thousands of files of confidential information.

When a company feels that a theft of trade secrets has occurred, it may wish to gain insight into all the available options to help protect its interests. Since the process can be complex, a person could find it helpful to seek guidance on how best to approach the situation by consulting with an attorney as soon as possible. An attorney can evaluate the situation thoroughly and assist a client in Florida in forming a strategy to protect his or her interests and if necessary, to pursue the full amount of restitution entitled.