Globus sues Stryker, ex-engineer for trade secret theft

Globus Medical (NYSE:GMED) yesterday sued Stryker (NYSE:SYK) and a former Globus engineer, alleging that she took proprietary trade secrets with her when she took a new job at Stryker earlier this month. The lawsuit, filed in the U.S. District Court for New Jersey, alleges that Madeline Davis broke her non-compete and non-disclosure pacts with Globus when she took the job Nov. 1 at Stryker. Hire in 2015 as an associate project engineer and promoted to project engineer in January, Davis worked on the Forge corticocancellous spacer for cervical fusion, according to the complaint. The NCND agreements bar Davis from engaging “in any competitive activity with any competing company,” defined as “participation in, performance of services for, employment by, ownership of any interest in, or assistance, promotion or organization of, any competing company” worldwide, Globus alleged. When informed of the alleged breaches, Stryker denied in a Nov. 14 letter that Davis was in violation of her agreements, arguing that she’s not working in a competitive capacity as an advanced operations project manager “responsible for the design transfer and validation of an orthopedic product that has already been designed by Stryker,” according to the complaint. Globus countered by saying that “every product undergoes design changes as the product transfers from a prototype to manufacture. Ms. Davis’s role, therefore, would require her to be inv...
Source: Mass Device - Category: Medical Devices Authors: Tags: Legal News Orthopedics Globus Medical Stryker Source Type: news