Categories: Gadget

Tesla and Rivian have reached a ‘conditional’ settlement in lawsuit over trade secrets


Four years after alleging that the company poached its employees with a goal of obtaining trade secrets, the two appear to be nearing a resolution. According to , Tesla says it’s reached a “conditional” settlement with Rivian and expects to seek the case’s dismissal by December 24. In the lawsuit filed in 2020, Tesla claimed Rivian encouraged exiting Tesla employees to steal information, and that it caught three employees taking “highly valuable, confidential information as they left for Rivian.” Rivian has denied the allegations from the start, calling them “baseless.”

Rivian filed a motion for the lawsuit to be dismissed, but this was who tentatively ruled earlier this year that Rivian would have to face a trial. The trial was expected to take place in 2025, but it now looks like the matter may be wrapped up before the end of the year without coming to that.



Source link

Washington Digital News

Share
Published by
Washington Digital News

Recent Posts

The Best Roku Streaming Stick Depends On Your Picture Quality Needs

Fortunately, Roku only sells one streaming device that doesn't support 4K output. …

17 hours ago

This is where most people go wrong in their 30s and 40s

These big life decisions will determine just how well you retire. Source link

17 hours ago

Business Cycle Indicators: GDP, Personal Income, Mfg & Trade Sales, Consumption

GDP is up as Jim discussed. Consumption flat, personal income ex-transfers down. Nominal consumption and…

17 hours ago

MSTR Q3 2026 Earnings Call: Analyst Q&A

The full analyst Q&A from Strategy’s (MSTR) Q3 2026 earnings call. Phong Le and Michael…

17 hours ago

Mark Zuckerberg is joining Jeff Bezos in Miami’s billionaire bunker: Take a look at his portfolio

With a net worth of $222 billion, Mark Zuckerberg is one of the richest people…

17 hours ago

AI outlook: OpenAI cuts fundraising goal while Meta gets a credit warning on cash flow and spending

The seemingly endless gusher of capital that’s been showered on Silicon Valley during the AI…

18 hours ago