Former Duracell employee stole trade secrets

Free Spyware Uninstaller Instructions

Former Duracell employee stole trade secrets


A former Duracell employee pleaded guilty on Friday 
to one count of stealing trade secrets from the battery company, the 
U.S. Attorney for the District of Connecticut said.

Edward Grande waived indictment and pleaded guilty before U.S. District 
Judge Janet Hall in Bridgeport, Connecticut, U.S. Attorney Kevin 
O'Connor said in a statement.

Grande, who had been employed as a cell development technologist at 
Duracell, faces up to 10 years in prison and a fine of up to $250,000.

Duracell Corp., which is based in Bethel, Conn., is a unit of Procter & 
Gamble Co. (PG.N).

"While under employment with Duracell, Grande shared confidential 
corporate documents with external sources," P&G said in statement.

Grande's attorney declined to comment on Friday.

O'Connor said that, according to court documents and statements made in 
court, Grande copied and downloaded research regarding Duracell's AA 
batteries to his computer between March and June 2006.

He then sent the information to two of Duracell's rivals "in order to 
cause economic injury to Duracell and to provide the competitors with an 
economic advantage," O'Connor's statement said.

According to O'Connor's office, neither of Duracell's competitors had 
sought the trade secret information and both sent the information they 
received back to Duracell.

The competitors were not named in court documents and Grande's attorney 
declined to disclose their names.

Duracell is the largest U.S. battery maker, followed by Energizer 
Holdings Inc. (ENR.N) and Spectrum Brands Inc.'s (SPC.N) Rayovac.


Spyware Uninstaller Internet Security artitcles represent global independent resources © by the stated author.








Home


© 2008; SpywareUninstaller.com Group Project; All Rights Reserved.