Company Had Actual, Imputed Knowledge Of Trade Secrets Misuse, Judge Rules

Mealey's (December 13, 2017, 2:47 PM EST) -- CEDAR RAPIDS, Iowa — A company’s state and federal claims in a misappropriation of trade secrets lawsuit against its competitor in the asphalt plants and asphalt paving equipment manufacturing business and certain of its former employees are time-barred under the relevant statutes of limitations because the competitor has shown that the company had actual or imputed knowledge that the competitor was using the company’s trade secrets since its incorporation, a federal judge in Iowa ruled Dec. 8 in granting the competitor’s motion for summary judgment and denying the company’s partial motion for summary judgment (CMI Roadbuilders Inc., et al. v. Iowa Parts Inc., et al., No. 16-33, N.D. Iowa, 2017 U.S. Dist. LEXIS 202385)....