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Trade Secrets Economic Espionage Act Proposed Legislation

A Trade Secret is any information, not generally known or easily ascertainable, by which an enterprise develops an economic advantage over competitors or customers. In order to maintain trade secrets'... more +
A Trade Secret is any information, not generally known or easily ascertainable, by which an enterprise develops an economic advantage over competitors or customers. In order to maintain trade secrets' protected legal status, enterprises must make reasonable efforts to keep the information secret and prevent unnecessary disclosure.  Trade Secrets may include processes, formulas, methods, designs, patterns, et cetera.   less -
Kelley Drye & Warren LLP

Congress Considering Federal Trade Secrets Act

Kelley Drye & Warren LLP on

On December 2, 2015, the U.S. Senate Judiciary Committee held a hearing regarding the Defend Trade Secrets Act of 2015 (DTSA). If passed, the DTSA would create a federal private right of action for theft of trade secrets....more

Seyfarth Shaw LLP

Proposed US and EU Trade Secrets Laws Progress but Unlikely to be Enacted This Year

Seyfarth Shaw LLP on

There’s no doubt that protection of trade secrets is a major concern for most businesses operating in today’s global economy. As we have previously discussed, a few years ago CREATe.org and PwC US released a report that...more

McDonnell Boehnen Hulbert & Berghoff LLP

New York v. Aleynikov: New York State’s Penal Code (Like Federal Criminal Law) Does Not Cover Electronic Reproduction of Source...

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

Seyfarth Shaw LLP

Latest Update on Federal Trade Secrets Legislation

Seyfarth Shaw LLP on

With increased activity regarding proposed federal trade secrets legislation expected next month and for the remainder of the fall Congressional session, Seyfarth Shaw’s dedicated Trade Secrets/Non-Compete group has created a...more

Moore & Van Allen PLLC

Trade Secrets Protection Act of 2014 Introduced in Bi-Partisan Effort to Protect Businesses From Cyber Security Threats

On July 29, 2014, North Carolina Congressman George Holding introduced the Trade Secrets Protection Act of 2014, H.R. 5233, which seeks to create a private federal remedy for victims of trade secret theft. Representative...more

Orrick - Trade Secrets Group

Give And Take: Lofgren’s Twin Trade Secret Bills Would Curtail Actions Under One Law, Expand Them Under Another

When Rep. Zoe Lofgren, the Silicon Valley Democrat, introduced a pair of bills last month on trade secret misappropriation, we puzzled over her purpose. ...more

Orrick - Trade Secrets Group

Bill Bandwagon: Senators Draft Measure To Expand The Economic Espionage Act

Yet another federal trade secrets bill may soon join the growing stack of legislation already under consideration in Congress. ...more

McDonnell Boehnen Hulbert & Berghoff LLP

Obama Administration Reports on Efforts to Prevent Trade Secret Misappropriation

The Obama Administration issued a Report earlier this month, entitled "Administration Strategy on Mitigating the Theft of U.S. Trade Secrets," that sets forth its efforts to prevent trade secret misappropriation. The Report...more

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