Abbott accuses one of its former scientists of trade-secrets theft in US court [Reuters]
Abbott Laboratories (ABT)
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Source: Reuters
The lawsuit in Chicago federal court alleged Roger Tyre committed "flagrant misconduct" prior to leaving Illinois-based Abbott, which sells the Ensure brand nutrition powders and shakes. Abbott said it learned of the alleged downloads of thousands of files in March. Tyre, who worked at Abbott from 2012 to 2018, developed products and "supported Abbott's existing products by troubleshooting and addressing any issues," according to Abbott's complaint. Formulations for products, the lawsuit said, "are valuable trade secrets and maintaining that secrecy is critical to Abbott's business." "Companies could use the information stolen by Tyre to quickly and cheaply develop products in competition with Abbott's current portfolio of nutritional products," the lawsuit alleged. Abbott's lawyers argued the "misappropriation will cause Abbott irreparable harm by undermining Abbott's competitive advantage in the nutrition market." Abbott saw global sales last year of more than $43 billion.
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