06.18.24
Tageos, a global supplier of sustainable, high-performance RFID inlays and tags, has announced that all allegations of anti-competitive practices brought against the company by Identiv have been fully dismissed by the competent court in Munich, Germany.
From the outset, Tageos rejected all allegations as completely unfounded and expressed its full interest in and support for a thorough investigation and clarification. In a detailed decision, the court has now clarified that all allegations and accusations regarding the alleged misappropriation of trade secrets and confidential information are completely unfounded. In its decision on June 11, 2024 (Case No. 33 O 2836/24), the Munich Regional Court therefore rejected Identiv's application for a preliminary injunction in its entirety as unfounded.
With the decision of the Munich Regional Court and its findings, the proceedings are concluded. The court's dismissal of the allegations reaffirms Tageos' commitment to the highest ethical business practices and values with full integrity of the entire company and its employees toward all customers and market partners.
"We are absolutely satisfied and happy with the court's decision as it confirms the facts we presented and our position against the completely unfounded allegations," says Matthieu Picon, CEO of Tageos. "Success often brings envy, a fact that we unfortunately have to face. However, we can now continue to focus on innovation and growth to provide our customers with best-in-class RFID products of the highest quality."
From the outset, Tageos rejected all allegations as completely unfounded and expressed its full interest in and support for a thorough investigation and clarification. In a detailed decision, the court has now clarified that all allegations and accusations regarding the alleged misappropriation of trade secrets and confidential information are completely unfounded. In its decision on June 11, 2024 (Case No. 33 O 2836/24), the Munich Regional Court therefore rejected Identiv's application for a preliminary injunction in its entirety as unfounded.
With the decision of the Munich Regional Court and its findings, the proceedings are concluded. The court's dismissal of the allegations reaffirms Tageos' commitment to the highest ethical business practices and values with full integrity of the entire company and its employees toward all customers and market partners.
"We are absolutely satisfied and happy with the court's decision as it confirms the facts we presented and our position against the completely unfounded allegations," says Matthieu Picon, CEO of Tageos. "Success often brings envy, a fact that we unfortunately have to face. However, we can now continue to focus on innovation and growth to provide our customers with best-in-class RFID products of the highest quality."