GDC terms IMAX suit 'baseless'
By Huang Ying | China Daily | Updated: 2013-08-20 07:48
GDC Technology Ltd said in an e-mail response to China Daily on Monday that a lawsuit filed against the company by IMAX Corp is "baseless". GDC disagrees with and disputes the allegations in the complaint.
IMAX Corp, the leading giant-screen movie theater operator, is suing GDC, a Hong Kong-headquartered digital cinema equipment maker backed by Carlyle Group, for using what it claims are stolen trade secrets tied to its large-screen digital movie projection and conversion systems.
IMAX also claims that its former employee, Gary Tsui, stole the proprietary technology from IMAX and provided it to film companies in China.
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