Thursday, April 16, 2020

Gad Zoox - Tesla Settles Trade Secret Theft Law Suit

Zoox Inc. said on Tuesday it had settled a lawsuit with Tesla Inc. after admitting that some new hires from the electric carmaker were in possession of certain Tesla documents when they joined the U.S. self-driving car startup.

Tesla lawyers filed a lawsuit in March last year against four former employees and Zoox, alleging the employees stole proprietary information and trade secrets for developing warehousing, logistics and inventory control operations.

Zoox said the settlement required it to pay Tesla an undisclosed amount and undergo an audit to ensure that none of its employees had retained or are using Tesla's confidential information. more