Trade Secret News: Ex-HP exec won't contest trade-secret theft charges

Another criminal case, BRIEF: Ex-HP exec won't contest trade-secret theft charges:

"Atul Malhotra was a vice president for printing services at IBM when he obtained confidential pricing information in March 2006, according to charges filed Friday in San Jose's U.S. District Court.

Prosecutors said Malhotra went to work for HP's printing division that May, and in July 2006, he sent e-mails to other HP executives with the confidential IBM information, marked 'for your eyes only.'

HP said it responded to the attempt by launching an internal investigation, which led to the executive's firing in September 2006, and to HP notifying law enforcement authorities and IBM."

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Malhotra faces up to 10 years in prison and a $250,000 fine, but Vandevelde said his client has agreed to plead guilty or no contest in the case. Such an agreement could result in a lower sentence.

Former HP print manager indicted over IBM trade secret allegations | printweek.com | Business News and Jobs from the Business, Finance and Mergers and Acquisition Sector: "These documents were marked with 'IBM Confidential' on each page and, according to the court documents, an IBM Sales Co-ordinator informed Malhotra that 'given the sensitive nature of the material, please do not distribute'."