Firm Says Experian Misused Its Trade Secrets To Create Competing Product

(May 8, 2020, 2:48 PM EDT) -- SAN DIEGO — Personal and credit data collectors Experian Information Solutions Inc. and Experian Services Corp. engaged in a scheme to collect a residence data analytics firm’s confidential and trade secret information to misappropriate the information and develop a competing current expected credit losses (CECL) product in violation of the parties’ business agreement and state and federal trade secrets law, the firm alleges in a May 6 complaint filed in California federal court (Weiss Residential Research LLC v. Experian Information Solutions Inc., et al., No. 20-861, S.D. Calif.)....

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