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/C O R R E C T I O N -- NOCO/

17 aprile 2019 | 20.06

LETTURA: 2 minuti

In the news release, CTEK Employee Arrested in Connection with Alleged Theft of Trade Secrets from Cleveland-Based NOCO, issued 17-Apr-2019 by NOCO over PR Newswire, the PDF document accompanying the release was not distributed in its entirety. The complete, corrected release follows:

CTEK Employee Arrested in Connection with Alleged Theft of Trade Secrets from Cleveland-Based NOCO

CLEVELAND, April 17, 2019 /PRNewswire/ -- NOCO®, a privately held company with global headquarters in Cleveland, Ohio, has initiated a lawsuit in the United States District Court for the Northern District of Ohio alleging violations of the Defend Trade Secrets Act ("DTSA") and multiple state law claims.

The lawsuit alleges that during the recent Australian Auto Aftermarket Expo in Melbourne, Australia, an employee of CTEK, a competitor in the battery charger and automotive accessory market, stole a notebook from NOCO's booth that contained NOCO's sales strategy, contacts and valuable trade secrets. The CTEK employee, whose name has not yet been released, was arrested by Australian authorities on April 6th in connection with the theft.

Officials with the Australian Automotive Aftermarket Association ("AAAA") recovered the video surveillance, which captured the event and led to the identification of the CTEK employee responsible for the theft. Security at the AAAA located the CTEK employee and detained him until local authorities arrived and arrested him.

"We want to thank on-site security, members of the AAAA, and Melbourne Police for their efforts in arresting the individual," said Thomas Smith, Director of Public Relations. "Without their efforts, we would not be able to proceed with additional legal actions. Obviously, we are disappointed with CTEK's behavior, but it is further evidence of a possible systematic corporate mandate to attempt to curtail NOCO's growth in the marketplace. We are aggressively pursuing all of our legal rights and will not stop until justice is served."

The lawsuit, which was filed on April 16th, 2019, includes federal claims for theft of trade secrets and conspiracy to steal trade secrets. Also included are several state law claims including misappropriation of trade secrets, conversion, and theft. In addition to seeking damages, NOCO hopes to obtain injunctive protection against the use or dissemination of its trade secrets by CTEK.

About NOCOEstablished 1914, The NOCO Company is a world leading designer, marketer and manufacturer of premium consumer battery chargers, jump starters, and a wide range of portable power devices. NOCO effectively set the standard in design, performance and safety, introducing a new generation of products to the industry. NOCO proudly stands on a century-long history of designing and engineering all products in the USA.