Tenax aero files trade secrets suit

Ridgeland, Miss.-based Tenax Aerospace Holdings LLC, a company that leases firefighting planes to the U.S. Forest Service, has accused a partner in Mississippi federal court of negligence in allowing a competitor access to trade secrets that were used to poach business. TAH sued partner 1462400 Inc. and a U.K. competitor, Falko Regional Aircraft Ltd., after 1462400 Inc. allegedly shared Tenax’s business secrets with Falko, which it initially received as part of a buyout agreement. Falko then used the information to siphon business away from Tenax. The proprietary information was the business model for Tenax’s “Superscooper”, an amphibious 1,600-gallon capacity water bomber, according to the complaint. In 2013, the Forest Service awarded the company a 5-year $57 million contract to use Superscooper in fighting forest fires. (Source: Law 360 03/05/15)