As the saying goes, hard cases make bad law. And it certainly looked improper when Sergey Aleynikov downloaded high-frequency trading ("HFT") source code as he was leaving his job as a Goldman Sachs programmer, at least to...more
Sergey Aleynikov was tried and convicted on criminal charges by both a Federal and a New York state jury; both times, his conviction was reversed. But his luck on appeal may have run out. The Appellate Division, First...more
This afternoon, President Obama signed the Defend Trade Secrets Act of 2016 ("DTSA") into law, creating a new Federal cause of action for misappropriation of trade secrets. The new law is the most significant expansion of...more
In 2009, Sergey Aleynikov was a computer programmer employed by Goldman Sachs to write high-frequency trading code. He accepted an offer to join a new Chicago-based company, Teza Technologies. Before he left Goldman Sachs,...more
9/15/2015
/ Aleynikov ,
Confidential Information ,
Defend Trade Secrets Act (DTSA) ,
Double Jeopardy ,
Economic Espionage Act ,
Ex Post Facto Clause ,
FBI ,
Goldman Sachs ,
High Frequency Trading ,
Indictments ,
Intellectual Property Litigation ,
Intellectual Property Protection ,
Misappropriation ,
Motion to Dismiss ,
Popular ,
Proposed Legislation ,
Rule of Lenity ,
Source Code ,
Trade Secrets ,
US v Aleynikov
Since President Obama entered the White House in 2009, his administration has undertaken a number of steps toward stricter policing of international trade secret misappropriation. Those efforts reached a turning point early...more