FMG ASX: Fortescue accuses former employees of intellectual property grab

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

Andrew Forrest’s company has launched legal action against two of the architects of its clean energy pivot over claims they copied a green iron technology.

Already a subscriber?Fortescue has accused two architects of its clean energy pivot of copying and taking the company’s intellectual property when they left to start a rival green iron project.

The iron ore miner has alleged they copied and took information when they left Fortescue that helped them build Element Zero’s green iron project. Mr Masterman had worked closely with Fortescue founder Andrew Forrest for close to a quarter of a century, both at Fortescue and at Dr Forrest’s private companies.

A spokesman for Fortescue said the company was developing cutting-edge solutions to help the world fight climate change and protecting intellectual property was crucial.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX 200 LIVE: ASX to rise, S&P 500 extends its rally, Platinum’s FUM sinksASX futures add 0.2 per cent. Dow rises for five straight days. ANZ sticks to November rate cut call. Flight Centre, Jumbo Interactive confirm guidance. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX to slip; CBA trading update pending, Citi downgrades PerpetualASX futures fall. Wall Street flat. CBA’s profit slips 5pc, consumer debts creep higher. Baby Bunting cuts guidance, warns on retail. Orica lifts profits. Follow here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX to rise, QBE to report, S&P 500 retakes 5200 markAustralian shares are set to open higher, boosted by further gains in New York. BoE boss stokes June rate cut hopes. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX to slip, S&P 500 dips as price data awaitedAustralian shares are set to edge down. BHP presses reluctant Anglo American. Budget at 7.30pm. US producer prices ahead. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX to rise, CSR to report, US April CPI awaitedAustralian shares are poised to open higher. CSR set to report results. S&P 500 nears record high. BHP rises, Anglo falls. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX 200 LIVE: ASX gains; Aristocrat jumps, $A tops 67¢ on US rate cut betsUnemployment rises by 30,000 in April, economy adds 38,500 jobs on surging immigration. Gold miners, tech boost shares. Bond yields retreat. $A top 67¢. Copper, bitcoin rally. Follow here.
Source: FinancialReview - 🏆 2. / 90 Read more »