Teradata sues Germany's SAP, alleging it stole trade secrets [Reuters]
Teradata Corporation (TDC)
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Source: Reuters
Teradata sues Germany's SAP, alleging it stole trade secrets | Reuters 4 Min Read FRANKFURT (Reuters) - SAP SE ( SAPG.DE ), Europe’s most valuable technology company, was sued on Wednesday by U.S. company Teradata ( TDC.N ), which accused it of stealing trade secrets, copyright infringement and anti-trust violations. The case, filed at the U.S. District Court for the Northern District of California, alleges that Germany-based SAP entered a joint venture with Teradata in 2008 with the aim of gaining access to its intellectual property and creating a competing database product that it then tried to “coerce” its customers to use. SAP said it was surprised by the Teradata complaint. It may issue a statement once it has reviewed the lawsuit, which seeks an injunction, unspecified damages and other legal relief available under the law. The case comes weeks after SAP, long a provider of business software that runs back-office functions such as finance or supply-chain management, announce
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TDC
Earnings
- 2/12/24 - Beat
TDC
Sec Filings
- 4/11/24 - Form 3
- 4/5/24 - Form 8-K
- 3/26/24 - Form ARS
- TDC's page on the SEC website