Terumo (TYO:4543) subsidiary MicroVention announced today that it filed a second lawsuit against Balt USA for trade secret misappropriation.
Aliso Viejo, Calif.-based MicroVention’s second lawsuit against Balt and four former employees follows an earlier patent lawsuit that is still ongoing, having been filed in July 2019, according to a news release.
MicroVention alleges that, during the discovery process in the first lawsuit, Balt reluctantly produced a “significant amount of individual files” containing documents that had been stolen from MicroVention, representing multiple document types set forth in MicroVention’s controlled documents library and knowledge management system.
The company, which develops a Web brain aneurysm embolization device, is seeking over $100 million in damages in the trade secret lawsuit. It is being represented by Pillsbury Winthrop Shaw Pittman LLP.
A Balt spokesperson told MassDevice that the company has no comment at this time.
