Mastercard Unit Failed to Define Trade Secrets, Utah Court Says

A Mastercard subsidiary lost its trade secrets claim against a competitor it accused of ripping off software because it failed to define its trade secrets, a Utah federal court said.

Business analytics unit Applied Predictive Technologies Inc. presented a trove of information as trade secrets without explaining what in particular derives independent value from being secret, or establishing that MarketDial Inc. stole them, the US District Court for the District of Utah said in an opinion Monday granting summary judgment in favor of MarketDial. While APT claimed intense investment over 20 years and said its software was peerless absent its ...