Many startups fear that a former employee, partner or client will somehow steal their trade secrets and use them to make a buck. Another common fear is that a former employee will poach talent from the startup to move to a different company. For the electric-car startup Faraday Future, both of these fears have apparently been realized.
Earlier in October, the United Parcel Service (UPS) had reason to believe some of their pilots found and shared strategic plans about a UPS aircraft based on confidential trade secret information in a PowerPoint. These private plans were indicated to have the goal of influencing company strategy and financial decisions in the future.
Almost as soon as Equifax announced its unprecedented data breach, two proposed class actions were filed in federal court. One was filed by a group of consumer rights attorneys who had just won the right to sue Yahoo for another large data breach. More suits are almost certain to follow.
Many fans of the Jurassic Park movies felt that amongst all the dinosaurs, the raptors stole the show from their larger reptile counterparts. What they lacked in size, the "clever girls" made up for in strategy and ferocity.
"Together we’ll go far."
In our last post, we talked about a contract dispute between Charter's Spectrum and Fox Networks Group over the channels carried by Spectrum in the wake of a changing contract and a rebrand by Spectrum (once Time Warner Cable). It is a convoluted story, but the point is this: the dispute threatens to harm consumers, and this directly impacts how companies are perceived and how they can perform in the marketplace.
Running a business requires you to track huge amounts of information about company sale, practices and more. It is difficult enough to plan and enact measures for the company's financial growth, but this is even more stressful if another party interferes and hurts your business.
Borders may define nations and states, but when it comes to business, many companies cross these borders and come together. However, this comes with its own set of complications. When businesses work together, the intent is for everything to operate smoothly and for there to be no legal issues. These moments aren't as common as you would hope, though. Many businesses run into legal troubles with other companies or even partners within their own company.
The U.S. International Trade Commission announced recently that it will launch a probe into Ford's hybrid electric cars and their parts. The probe is occurring after two other companies filed claims against Ford that the motor vehicle giant infringed on their patents. Those two companies, Paice LLC and Abell Foundation Inc., have called for a limited exclusion order and a cease and desist. The ITC will move forward with the patent infringement probe.
In 2010, Netflix was on the precipice of a major popularity explosion. It was shifting from a DVD-via-mail company to an online streaming company. This would prove to be one of the most critical decisions the company would make in its brief existence, catapulting it to a new stratosphere of success as a media giant.