News

Aimia sues former president over trade secrets allegedly emailed to his father

Aimia sues former president over trade secrets allegedly emailed to his father
Business
MONTREAL -- Aimia Inc. is suing its former president in a U.S. court after Nathaniel Felsher allegedly emailed trade secrets to his father, a New York-based investment adviser.

The lawsuit claims Felsher sent emails that included confidential drafts of a bid from a potential buyer to his father last October, after Aimia announced a tentative deal to sell its flagship Aeroplan rewards program to Air Canada.

The Felshers deny claims of misappropriation in the lawsuit, which was filed in March and has not been proven.

Aimia dismissed its former president last year after he was in the position for less than three months.

The two defendants acknowledge that Nathaniel sent the emails containing the bid, but argue the Aimia executive had the right to use confidential information as he saw fit, and that no trade secrets were used.
Read more on CTVnews
News Topics :
RELATED STORIES :
Business
TORONTO Aimia Inc. has named Nathaniel Felsher as president and chief strategy officer, less than a week after announcing a deal to sell its flagship Aeroplan loyalty program to...
Business
MONTREAL The head of Aimia Inc. says its legal battle against its largest shareholder has not hampered the loyalty company s hunt for bolt on acquisitions as it charts a...
Business
MONTREAL—Aimia Inc. has announced the departure of its president and chief strategy officer less than three months after he took the job. In late August, the Montreal based company hired Nathaniel...
Technology
Autonomous driving company Waymo alleged today in court that the formation of rival Otto was a ruse concocted between its founder Anthony Levandowski and eventual acquirer Uber to hide the...
Business
Chesapeake Energy Corp. filed suit Tuesday alleging that its founder and former chief executive, Aubrey McClendon, stole confidential company data during his last months on the job in order to...