There is a serious lawsuit pitting Tesla a reputable electric car manufacture in America and Mathew’s international a long serving Tesla supplier. The lawsuit known as the Mathews international Tesla lawsuit is one of the most famous supplier client lawsuits in America.
Tesla Accusations in the Mathews International Tesla Lawsuit
Tesla in the Mathews international Tesla lawsuit sues Mathews international accusing them of stealing trade secrets relating to Tesla dry battery electrode manufacturing process. Put simply, Tesla accuses Mathews international of stealing battery manufacturing secretes from them.
Tesla further adds that Mathews international misused the information they obtained from them sharing it with their competitors which damaged Tesla’s business operations. In seen documents, Tesla accuses Mathew’s international of stealing their secrets and using them to their own advantage which Tesla made them suffer serious business losses.
Mathews International Tesla Lawsuit Settlement Demands
Tesla has put forward a raft of compensation demands that they want the court to compel Mathews International to meet. They are demanding that Mathews International compensates them with over $ 1 billion in damages. Apart from the demanded $1 billion in damages compensation, Tesla also wants the court to compel Mathews international to block Mathews international from using their stolen secrets to their own advantage.
Finally Tesla wants the court to compel Mathews International to hand them all the patents applications which contain the stolen Tesla trade secrets. Tesla through its lawyers wants the court to compel Mathews to meet all these settlement demands all at once.
Mathews International Response to Mathews International Tesla Lawsuit
While responding to the Mathews international tesla lawsuit, Mathews international has denied all the accusations levelled against them by Tesla. Mathews International claims the Tesla lawsuit is a deliberate tactic by Tesla to bully them and take control of their intellectual property.
Mathews international through their lawyer’s claim that the lawsuit by Tesla against them seeks to prevent them from offering the latest advancements in DBE technology to other companies. This they claim the lawsuit is a deliberate plan by Tesla to stand in the way of their business operations and prevent them from carrying on with their strategic objectives.
The Latest Updates on the Mathews International Tesla Lawsuit
The Mathews International Tesla Lawsuit promises to be a fierce battle which is likely to drag on for long. The lawsuit is still ongoing in the Northern District court of California where it was filed. The success of this lawsuit will heavily depend on how much Tesla can go in proving the charges in their lawsuit.
For Mathews International, they still hold that this lawsuit is an affront to their business full of malice. The Mathews International Tesla lawsuit may have just brought to an end a long standing relationship between two business giants. The lawsuit speaks to how frostily things can get between business relations occurring between two giant companies.
Should the allegations against Mathews International be sustained then it will act as an eye opener to business relationships between major businesses. These allegations show how much some companies can attempt to disadvantage others in their business relations. It therefore calls for business to trade carefully when doing business with fellow businesses watching out for any suspicious behaviour.
