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CalcalistEconomy

Apex Accuses Ex-Employee Erez Nahum of Stealing Trade Secrets in Vet Clinic Deal

Translated & summarized from Calcalist by baba

BusinessCharged tone

Hebrew · 2 newsrooms covering

Apex is accusing former employee Erez Nahum of stealing trade secrets to acquire the "Haverim" veterinary clinic chain. Apex claims Nahum used confidential information gained during his employment to pursue the deal, approaching identified targets and leveraging Apex's research. Nahum's representative denied the allegations, calling them a personal vendetta and vowing to prove his innocence in court. Apex is seeking damages and demanding Nahum halt the acquisition and return all proprietary information.

The story in 5 lines · by baba

  • Apex accuses ex-employee Erez Nahum of stealing trade secrets for "Haverim" clinic acquisition.
  • Nahum allegedly used confidential Apex information on acquisition targets and negotiations.
  • Apex sent a letter demanding Nahum cease activities and return proprietary data.
  • Nahum's representative called the claims "absurd" and a personal vendetta.
  • Apex is seeking NIS 100,000 in damages for each alleged violation.

Apex, a major investment fund, has sent a stern letter to Erez Nahum, a former senior employee, accusing him of stealing trade secrets and intellectual property to facilitate his personal acquisition of the "Haverim" veterinary clinic chain. The accusation comes from Apex manager Zehavit Cohen, who claims Nahum, while working for Apex, gained access to confidential information regarding Apex's own negotiations to acquire "Haverim." Upon leaving Apex, Nahum allegedly leveraged this information to pursue the acquisition himself, including approaching the same contacts Apex had already identified.

Apex's letter, co-signed by "Havat Da'at," a veterinary group managed by the fund, details Nahum's alleged actions. It states that Nahum's approach to "Haverim" founder Erez Zaitouni, just two months after his departure from Apex, was based on stolen trade secrets. The letter further claims Nahum contacted veterinary professionals and clinics, including "Vet Center," "Vet Holim," and "Moria Clinics," who were identified by Apex as strategic acquisition targets through extensive research.

Cohen alleges that Nahum even offered positions to individuals like Dr. Uri Segal, a prominent surgeon and former owner of "Havat Da'at," suggesting he leverage his knowledge of Apex's financial dealings and compensation structures. Apex is demanding Nahum cease all business activities related to the "Haverim" acquisition, return all proprietary information, and disclose the names of anyone he granted access to Apex's trade secrets. Apex is also seeking NIS 100,000 in damages for each alleged violation.

In response, a representative for Nahum dismissed the claims as "absurd" and a personal vendetta by Cohen and Apex, stating the truth will be revealed in court. The representative added that Nahum, along with Phoenix, intends to lead "Haverim" to become the leading pet care group in Israel. The dispute highlights the growing veterinary sector in Israel and globally.

CalcalistOther · Tel Aviv

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