Fortescue has vowed to continue taking action against three former employees it accuses of stealing intellectual property after the company won a preliminary legal battle over maintaining dramatic, court-sanctioned raids on their businesses and homes.
A judge was told that Fortescue employees who left the ship to start their own commodities start-up were too scared to confront the allegations against them and instead offered implausible explanations for their actions. Lawyers for the iron ore giant said on Tuesday that the case brought in May against Perth start-up Element Zero and … Read more
Renewed fears about slowing steel demand from China have pushed the market values of two Western Australian iron ore mining giants to lows not seen since 2022. On Wednesday, Fortescue shares fell 4.6 percent to $17.32 and BHP shares lost 2.8 percent to $39.60. The share price of both companies is now at its lowest … Read more
Fortescue claims that without the use of the major mining company's technology, two of his former scientists would not have been able to make such rapid progress in their new iron ore processing venture. Previously secret documents revealed by the Federal Court on Wednesday show that Fortescue made a series of detailed allegations about an … Read more