Nike Inc. and Converse Inc. are vociferously challenging allegations of trade secret theft brought against them by Valmarc Corp. The allegations involve a purportedly proprietary anti-counterfeiting system. With a trial set for February in an Oregon federal court, the two companies assert that Valmarc’s claims are flawed on several fronts. Firstly, they argue that Valmarc failed to adequately protect its claimed trade secrets. Additionally, Nike and Converse contend that the technology in question has been in public domain for several years, diluting Valmarc’s claims of confidentiality and exclusivity. Moreover, they argue that Valmarc’s legal action is subject to dismissal on the grounds that it is time-barred under the relevant statutes of limitations.
For further details, you can access the original report on Law360.