Thursday, February 21, 2013

Express Scripts vs. E&Y - Trade Secret Theft Allegations

Express Scripts Inc. sued the accounting firm Ernst & Young LLP and one of its partners for the alleged theft of trade secrets and misappropriation of the pharmacy benefit manager’s confidential and proprietary data.

The Express Scripts Holding Co. unit said in a complaint filed yesterday in state court in Clayton, Missouri, that it learned last year that accounting firm partner Don Gravlin had been “sneaking” into its St. Louis headquarters and e-mailing documents to a private Google account via the account of an Ernst & Young consultant...

The accountants allegedly took the equivalent of more than 20,000 pages of data, including pricing information, business strategy, projections and “performance metrics” documents, to aid development of Ernst & Young’s own health-care business segment, which includes Express Scripts and Medco Health Solutions Inc., which it acquired last year, as well as some of their competitors. (more)