U.S. Grand Jury Indicts Chinese and U.S. persons for Theft of Trade Secrets and Wire Fraud

On February 14, 2019, a grand jury in Greeneville, Tennessee returned an indictment against Xiaorong You, also known as Shannon You, 56, of Lansing, Michigan, and Liu Xiangchen, 61, of Shandong Province, China for conspiracy to steal trade secrets concerning formulations for bisphenol-A-free (BPA-free) coatings. The grand jury also indicted You on seven counts of theft of trade secrets and one count of wire fraud. The BPA-free trade secrets allegedly stolen belonged to multiple owners and cost an estimated total of at least $119,600,000 to develop.