U.S. Company Settles Trade Secrets Lawsuit In Beijing

U.S.-based manufacturer Invista says it resolved a trade secrets lawsuit in Beijing before the case made its ways through the courts.

The lawsuit was against an unnamed Chinese engineer for misappropriation and infringement of trade secrets relating to a portion of Invista's purified terephthalic acid technology. Invista says it took swift action to rectify the issue, filing a lawsuit through the Beijing Intermediate People's Court against the engineering design company's now-former employee.

The engineering design company reportedly cooperated with Invista in the case, and Invista obtained a successful resolution shortly after filing the lawsuit, with the defendant agreeing to a number of requirements, including acknowledging infringement of Invista's trade secrets and agreeing not to work in any job or activity in which he could use or disclose his knowledge of Invista's PTA technology.

Invista licenses its proprietary PTA technology to Chinese and other companies, who use it to produce polyester-related products. During one of Invista's technology projects for a Chinese licensee, this employee of a Chinese engineering design company allegedly misappropriated some of Invista's proprietary information.

There was no word on if Invista received monetary compensation for the the trade secret theft.

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