P&G Files Lawsuit against Former Employees for Theft of Trade Secrets
Public Company Information:
CINCINNATI--(BUSINESS WIRE)--The Procter & Gamble Company (NYSE:PG), through its wholly owned subsidiary The Gillette Company, today filed a lawsuit against four former Gillette employees who have been hired or retained by ShaveLogic, a Dallas-based company in the wet shaving field. Gillette filed the case in Suffolk Superior Court in Boston, Massachusetts.
The lawsuit alleges that these former employees wrongfully used and disclosed Gillette’s highly confidential information and trade secrets, and breached contracts with Gillette, to the benefit of ShaveLogic. The lawsuit seeks an injunction to stop the defendants from further wrongfully using Gillette’s confidential information and trade secrets, damages, a jury trial, and other relief.
“We invest heavily to understand consumers’ needs and then to innovate to meet those needs,” said Deborah P. Majoras, chief legal officer of P&G. “Our investments have enabled us to invent some of the most popular shaving products in the world. When it becomes necessary, we take action to protect the intellectual assets behind those investments.”
For over 110 years, Gillette has delivered innovative shaving technology that has improved the lives of men and women around the world. The company has a long history of shaving “firsts” including the safety razor, twin-blade shaving system, pivoting razor head, three-blade shaving system and 5-blade razor. Today, over 800 million men and women trust Gillette as an important part of their beauty and grooming routine.
About Procter & Gamble
P&G serves nearly five billion people around the world with its brands. The Company has one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, Wella® and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.
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