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Smith & Nephew forges settlement in trade secrets lawsuit against staffing company

Fri, 08/23/2013 - 1:29pm
Mass Device

Smith & Nephew and Northwest Ortho Plus come to a closed-doors agreement to settle all allegations in a $56 million trade secrets theft lawsuit.

Smith & Nephew forges settlement in employee poaching lawsuit

Healthcare giant Smith & Nephew (FTSE:SN, NYSE:SNN) came to terms with former staffing services provider Northwest Ortho Plus, putting to bed a year-old trade secrets dispute.

The original lawsuit, which accused Northwest of damaging Smith's goodwill and compromising valuable corporate information, was seeking $56 million in damages, but the companies did not disclose the terms of their newly forged settlement.

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