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(Reuters) – Walmart Inc (WMT.N) was sued on Wednesday by a Silicon Valley company that accused the largest U.S. retailer of stealing its technology to prolong the shelf life of produce and reduce spoilage.
In its $2 billion complaint, Zest Labs and its parent said Walmart’s “Eden” technology to preserve fruit and vegetable freshness “looks, sounds, and functions” like its own Zest Fresh technology.
Zest said it had worked with Walmart for years on Zest Fresh before the retailer lost interest last November.
The article goes on to state the following:
“In reality, Walmart used its years of unfettered access to plaintiffs’ trade secrets, proprietary information, and know-how to steal the Zest Fresh technology and misappropriate it for Walmart’s own benefit,” the complaint said.
Walmart spokesman Randy Hargrove said “we respect the intellectual property rights of others,” and will respond to the complaint in court.
Walmart is being sued over accusations it stole technology meant to keep produce fresh https://t.co/EsfyR6OfoV
— Business Insider (@businessinsider) August 2, 2018
Lawsuit claims Walmart stole technology to keep produce fresh https://t.co/s3JUNNUMly
— FOX Business (@FoxBusiness) August 2, 2018
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