Friday, January 20, 2006, 1/20/2006 04:29:00 PM

Surfboards and Trade Secrets?

From I-Newswire.com, Power Ski International, Corp., the developer of the PowerSki Jetboard announces that it has filed a lawsuit against competitor Nova Communications, Ltd. and others in California state court alleging numerous causes of action, including misappropriation of trade secrets and RICO violations.

The complaint alleges that Nova, its former CEO, its current CEO, and others, including former Power Ski employees, conspired and used stolen proprietary information to design a substantially similar competing surf board known as the "X-Board." The company is seeking "damages no less than $112 million." Big money, dude.

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