One of the strangest corporate espionage stories in recent memory has come to a conclusion with a confidential settlement between cinema cam makers Red and Arri. It started when a former Arri honcho, Michael Bravin, pleaded guilty to hacking into email accounts at his ex-employer, camera distributor Band Pro Film & Digital. Red founder Jim Jannard claimed his personal account was also compromised during the attack and that other Arri executives were aware of it. As a result, Red sued its competitor for “unfair competition based on email hacking, invasion of privacy, conversion, misappropriation of trade secrets and unlawful trade practices, among other charges.” In a post on Red’s user forum, Jannard said “we are very happy with the terms of the settlement with Arri and glad to have this behind us.” He added that a separate suit filed by Band Pro against Arri has yet to be concluded, saying “hopefully they will settle in a way that Band Pro is as happy as we are.” Whether Red will be equally gleeful at the conclusion of its recent clash with Sony remains to be seen.
Filed under: Cameras
Source: RedUser
