In its lawsuit, Ferris alleged that Carr had agreed to protect Ferris's confidential information and assigned all inventions to Ferris, breached his employment contract and misappropriated Ferris confidential knowhow immediately after he left Ferris.
Ferris further alleged that Carr misappropriated its confidential information and conveyed this information to Ferris' competitor Curaline, which thereafter began to market wound dressings.
Curaline's Chief Executive Officer is Haitham Matloub. Upon learning that Carr had joined Curaline, Ferris's counsel advised Matloub of Carr's ongoing duty to keep confidential Ferris's proprietary information. Ferris alleged that Matloub and Curaline ignored this warning.
The terms of the settlement agreement are confidential.
About Ferris Mfg. Corp.
Founded in 1977, Ferris Mfg. Corp. is dedicated to developing innovative products that bring desired and effective results to the healing process. Ferris is a privately owned producer and distributor of innovative multifunctional wound care dressings that are sold around the world.
President of Ferris Mfg Corp.
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SOURCE Ferris Mfg. Corp.