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Faraday Future lawsuit claims former exec stole trade secrets
Faraday Future's executive exodus last fall was bad enough, but the departure of one exec may have been particularly troublesome. The electric car startup has filed a lawsuit alleging that former CFO Stefan Krause stole trade secrets and poached staff as he left to form a startup, Evelozcity. Reportedly, Krause was quietly working at both Faraday and Evelozcity for weeks before he was formally let go, and encouraged staff to not only leave, but take secret info on the way out. Faraday had announced Krause's exit in November over "possible violations of law," and now it's clear what those might be.
