Market Chatter: Duracell to Face BASF Lawsuit Over Battery Technology Allegations

MT Newswires Live04-29

Berkshire Hathaway's (BRK.A, BRK.B) Duracell will face a lawsuit over accusations that it has stolen trade secrets related to the lithium-ion battery technology of Germany BASF, a judge ruled Tuesday, according to Reuters.

The judge rejected Duracell's bid to dismiss the lawsuit, the report said.

BASF said Duracell hurt the company materially by using a collaboration agreement to pilfer trade secrets, the report said.

Berkshire Hathaway did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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