Monday, November 27, 2006, 11/27/2006 10:43:00 AM

Celanese Press Release on New Trade Secrets Action

By Todd
We thought we'd post for you the link to the Celanese Corporation's press release concerning its new trade secrets action filed against Saudi International - this one is going to be on our watch list:

"Celanese’s Petition alleges that the defendants engaged in a calculated campaign to misappropriate and commercialize Celanese’s confidential information. The Petition asserts that defendants, acting directly and through agents, among other acts, aggressively recruited and hired former or current Celanese employees, identified and retained engineering and construction firms that had extensive experience working on Celanese’s acetyl projects, and vendors and other suppliers with intimate knowledge of Celanese’s trade secrets."

Click http://www.tradearabia.com/tanews/newsdetails_snIND_article114846_cnt.html and you can find TradeArabia's online posting about the case and Saudi International's response to the suit, which it calls "baseless."

We acknowledge that we are seeing more cases involving allegations of globalized trade secret misappropriation - the trade secrets world is certainly flattening out, as Thomas Friedman implied it would. We'll keep an eye on this one.

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