Tesla and Rivian have reached a ‘conditional’ settlement in lawsuit over trade secrets

Tesla and Rivian have reached a ‘conditional’ settlement in lawsuit over trade secrets
Technology

Four years after alleging that the company poached its employees with a goal of obtaining trade secrets, the two appear to be nearing a resolution. According to , Tesla says it’s reached a “conditional” settlement with Rivian and expects to seek the case’s dismissal by December 24. In the lawsuit filed in 2020, Tesla claimed Rivian encouraged exiting Tesla employees to steal information, and that it caught three employees taking “highly valuable, confidential information as they left for Rivian.” Rivian has denied the allegations from the start, calling them “baseless.”

Rivian filed a motion for the lawsuit to be dismissed, but this was who tentatively ruled earlier this year that Rivian would have to face a trial. The trial was expected to take place in 2025, but it now looks like the matter may be wrapped up before the end of the year without coming to that.

Read the original article here

Products You May Like

Articles You May Like

CFPB expands oversight of Apple Pay, other digital payments services
Final Fantasy XIV Announced for Mobile, With PUBG Mobile Developer at Helm
Javier Bardem to Star in ‘Cape Fear’ TV Adaptation
Disney Treasure cruise ship debuts; fleet to double by 2031
Denzel Curry adds UK and Ireland shows to 2025 ‘Mischievous South’ world tour