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Protein Technologies, Inc. Files Lawsuit Against Peptide Solutions, LLC and Its Founder, Mahendra Menakuru, Alleging Misappropriation of Proprietary Information
[January 27, 2015]

Protein Technologies, Inc. Files Lawsuit Against Peptide Solutions, LLC and Its Founder, Mahendra Menakuru, Alleging Misappropriation of Proprietary Information


On Tuesday, January 20, Protein Technologies, Inc. ("PTI"), a leader in the field of peptide synthesis instrumentation, filed a lawsuit in the Superior Court of Arizona, County of Pima (Case No. C20150243) against Peptide Solutions, LLC and several of its employees.

The lawsuit alleges breach of contract, breach of fiduciary duty, misappropriation of trade secrets and proprietary information, and tortious inference, among other counts, based on the alleged theft and usage of PTI's confidential information by former employees, which includes its former CEO, Mahendra Menakuru. The complaint further alleges that PTI is informed and believes that its former CEO, and a number of employees he enticed to join him, are actively using PTI's confidential information and trade secrets at Peptide Solutions, in order to illegally solicit PTI's customers.

"Protein Technologies as a nearly 30-year track record of continued innovation in the peptide chemistry industry. We have invested millions of dollars to create and protect intellectual property that has allowed us to provide high quality products and services to our customers, and we intend to hold Peptide Solutions and its employees accountable for their actions," said Nate Cosper, Ph.D., President and CEO of Protein Technologies, Inc.



The lawsuit seeks an injunction requiring the return of all PTI's information that it believes is in the possession of Peptide Solutions and its employees, as well as enjoining them from obtaining, using, or disclosing any such confidential and proprietary and/or trade secret information.

About Protein Technologies, Inc.


Protein Technologies, Inc. is a leading supplier of quality peptide synthesizers and reagents to universities, biotechnology companies, and pharmaceutical companies. We have built our company on the belief that our products must be the highest possible quality, and we support our products with a dedicated field service team. We are proud of our reputation for reliability and value the trust our customers and partners have placed in PTI. Today we continue to grow and innovate to serve the needs of the peptide synthesis community. To learn more about Protein Technologies, please visit www.ptipep.com.


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