Agilent (A) Sues Former Employees For Infringing IP Rights
Zacks Investment Research | Aug 23, 2017 11:09PM ET
Agilent Technologies, Inc. (NYSE:A) has claimed that its former employees who formed Shanghai Echrom Electronic Technology Co., Ltd., have adopted a not-so-honest way of getting information to replicate an Agilent gas chromatograph.
The leading provider of application focused solutions sued Shanghai Echrom and a number of its former employees alleging intellectual property theft. The suit seeks a ban on the use of Agilent’s proprietary technologies and compensation for its losses.
The company’s senior vice president and general counsel Michael Tang stated, “Agilent is determined to protect our IP, and will take all appropriate legal actions against any infringements worldwide.”
We observe that Agilent shares have rallied 37.8% year to date, outperforming the Zacks Investment Research
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