He would not be able to sue for wrongful arrest based on what you have told me as he did legally commit theft by taking data from your company. If his actions have caused detriment to your company, you may actually file suit against him as well as seek an injunction to make him stop his actions that are causing the damage.
If he had signed an agreement to not compete, he will further be liable for giving this information to other businesses.
He has also infringed upon trade secrets of the business in distributing this data to others.
I would highly recommend getting an attorney to file suit against him as well as the company that received the information so that they will no longer be able to use it.
Please don't forget to ACCEPT so that I may be compensated for my time.
If you need more help on this question, please let me know.
Don't forget to accept so that I may be compensated for my time as this is the only way that I am paid on Just Answer.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).