Engineer Charged With Stealing Medical Device Trade Secrets from ev3/Covidien and Edwards Lifesciences
A criminal case against an engineer who allegedly stole trade secrets while he worked at two U.S. medical device companies so he could help start a firm in China highlights the need for organizations to prioritize the protection of their intellectual property.
A federal grand jury in California has issued a 12-count indictment charging Wenfeng Lu of Irvine, Calif., with stealing and possessing trade secrets belonging to two former employers, both of which develop and manufacture medical devices used to treat cardiac and vascular ailments, according to the U.S. Department of Justice.
"This is another example of insider risks that present enormous potential problems for companies in all industries," says privacy attorney Kirk Nahra of the law firm Wiley Rein, who is not involved in the case.
A federal grand jury in California has issued a 12-count indictment charging Wenfeng Lu of Irvine, Calif., with stealing and possessing trade secrets belonging to two former employers, both of which develop and manufacture medical devices used to treat cardiac and vascular ailments, according to the U.S. Department of Justice.
"This is another example of insider risks that present enormous potential problems for companies in all industries," says privacy attorney Kirk Nahra of the law firm Wiley Rein, who is not involved in the case.