Sentences with phrase «driving trade secret theft»
Uber agreed to a $ 245 million equity payment in order to settle Waymo's lawsuit alleging self - driving trade secret theft, Bloomberg reported Friday, citing official communication from Alphabet's subsidiary which Uber has yet to confirm.
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Alphabet's Waymo unit is seeking about $ 2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self - driving cars, a lawyer for Uber said on Wednesday.
Uber has faced ongoing scrutiny over allegations of workplace harassment, a criminal probe into its attempts to evade regulators, a lawsuit over trade secret theft brought by Waymo — its competitor in the self - driving car industry — and a lawsuit brought by a woman who alleges her medical files were improperly shared by Kalanick and other executives.
The trial between Uber and Waymo over alleged trade secret theft led to the public disclosure of some new details surrounding Uber's 2016 acquisition of Otto, a self - driving truck startup founded by Anthony Levandowski who Waymo alleges stole some of its intellectual property and used it to advance the ride - hailing startup's own autonomous driving technologies.
The firm recently appointed a new CEO Dara Khosrowshahi who's been trying to address its London - related and other issues, including a high - profile legal dispute with Alphabet's Waymo over supposed theft of trade secrets related to self - driving technologies.