Central Steel accuses former exec of taking data

Jun 16, 2014 | 12:36 PM | Nat Rudarakanchana

Tags  Central Steel & Wire, CS&W, metals distributor, service centers, A.M. Castle, lawsuit, Joseph Bonnema, Michael J. Sullivan Steve Letnich

NEW YORK — Central Steel & Wire Co. employees have been told to watch for indications that a former executive may have exploited the company’s confidential trade data, according to an internal memo obtained by AMM.

Joseph Bonnema, former director of corporate inside sales and training at Chicago-based Central Steel & Wire (CS&W), allegedly copied proprietary company data—including pricing, customers and marketing—before joining metals distributor A.M. Castle & Co. in January, according to the May 28 memo and a lawsuit filed Jan. 23 in Cook County (Ill.) Circuit Court.

"Joe Bonnema had been in employment discussions with A.M. Castle personnel for over six months and used his personal e-mail account to pass CS&W documents to (A.M. Castle) personnel," according to the memo from CS&W chief executive officer Michael J. Sullivan to the company’s sales and purchasing employees.....

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