RATEC Intl to pay Chem-Trend over recipe infringements

Howell, Michigan--Chem-Trend LP and affiliate, Chem-Trend (Deutschland) GmbH, have agreed to settle a civil suit against RATEC International GmbH and other defendants over misappropriation of Chem-Trend trade secrets.

According to a settlement recorded by the Hanseatic Court of Appeal (Hanseatisches Oberlandesgericht, Hamburg/Germany), the defendants must pay Chem-Trend "a substantial amount" in compensation for lost earnings and are prohibited from producing or marketing products based upon more than one hundred Chem-Trend mould release agent formulae.

This settlement follows an earlier ruling by the Trademark and Competition Division of the Hamburg District Court (Landgericht), that the defendants misappropriated Chem-Trend product formulations in violation of the provisions of the Act Against Unfair Competition (UWG) relating to the protection of business and trade secrets.

This is an external link and should open in a new window. ERJ is not responsible for the content of external sites.

Website of Chem-Trend

Website of Gorapur (new name of RATEC)