Tuesday, March 7, 2017

High Flying Corporate Espionage Lawsuit

Panasonic Avionics plans to seek immediate dismissal of a lawsuit filed by software company CoKinetic Systems, which claims PAC employed unlawful means to monopolize the market for IFE software and media services on the IFE hardware it supplied to airlines...

The firm’s suit, filed in the US District Court for the Southern District of New York, alleges that Panasonic Avionics willfully violated open source licensing requirements, breached contractual obligations to CoKinetic, abused FAA regulatory processes, conducted corporate espionage, and defamed CoKinetic and sabotaged its products...

Separately, Panasonic Corp on 2 February revealed in a stock exchange filing that the DOJ and SEC are probing PAC’s sales activities, and said it had begun talks with authorities to try to resolve the matter... PAC’s CEO and CFO departed the company last month. more