Oracle has initiated legal action against Procore Technologies in a California federal court, alleging that the construction industry software company misappropriated confidential information to enhance its business operations. The lawsuit claims that a former Oracle employee transferred 'thousands' of trade secrets to Procore, which allegedly facilitated the development of a competing software platform. This lawsuit adds to the growing trend of legal disputes over trade secrets in the tech industry. In a separate case, Phillips 66 was found liable for misappropriating trade secrets, resulting in a $605 million verdict.
Oracle sued Procore Technologies, accusing it of stealing confidential data. Oracle's lawsuit alleged that an ex-employee took 'thousands" of trade secrets to his new job at Procore, enabling it to launch a rival software platform https://t.co/yD02jNNKsD @blakebrittain https://t.co/3r1ZoNOh4c
Oracle sues payment software company Procore over trade secrets https://t.co/l3JmdzQdld https://t.co/3LuJDTuJe6
Jury Finds Phillips 66 Liable For Misappropriating Trade Secrets in $605 Million Verdict https://t.co/HqoBBKuMh1 | by @beneschlaw