Michael J. de la Merced, reporting for the NYT:
Close to what should be one of the biggest events of Fitbit’s life
— its initial public offering of stock — the maker of wearable
health trackers is facing an unexpected challenge: a lawsuit from
one of its biggest competitors.
Jawbone sued Fitbit in California State Court here on Wednesday,
accusing its rival of “systematically plundering” confidential
information by hiring Jawbone employees who improperly downloaded
sensitive materials shortly before leaving.
“This case arises out of the clandestine efforts of Fitbit to
steal talent, trade secrets and intellectual property from its
chief competitor,” lawyers for Jawbone wrote in the complaint.
I’ve often wondered how much “corporate espionage” takes place simply via hiring key employees from a rival.