In a case out of Florida involving the rapper known as “50 Cent” an arbitrator found the rapper liable for trade secret misappropriation, among other claims, in the creation of his own line of headphones.
Texas Federal Court Imposes Ongoing Royalty Rather Than Permanent Injunction Against Alleged Trade Secret Misappropriator
A Texas federal trial court, finding the absence of any legal precedence to award an ongoing royalty in a trade secret misappropriation case, looked to the patent laws to impose an ongoing royalty.
The U.S. Fifth Circuit Court of Appeals in New Orleans recently held that an employer’s policy for protecting its confidential and proprietary information was unlawful under the National Labor Relations Act (NLRA). Specifically, the Fifth Circuit held that a broad confidentiality policy – even one protecting valuable trade secrets – violates the NLRA if it reasonably tends to chill employees’ protected rights to discuss wages.
We’ve talked about it before on LXBN TV: widespread use of drones is right around the corner. But for as many uses as these drones stand to have, not all of them are good—and that includes the potential threat they could pose to the threat of trade secrets.
Trade secrets are an increasingly valuable asset to America’s most innovative companies- a critical form of intellectual property that contributes not only to a company’s competitive edge, but also the global competitiveness of the U.S. economy.
Picking up on our discussion last week aboutthe pending Defend Trade Secrets Act of 2014, recent testimony by Eli Lilly’s Vice President and General Patent Counsel, Douglas K. Norman in support of this legislation offers a good example of why a set of enhanced and uniformed laws for the protection of trade secrets in the United States is especially important for fostering the next generation of manufacturing in this country.
LXBN TV: In Buying Oculus VR for $2 Billion, Facebook Acquires Potentially Massive Trade Secrets Suit
When Facebook first acquired Oculus VR, the makers of a virtuality gaming headset, it was unclear what exactly the social networking giant was acquiring the company for. Would the technology be used as a new interface for their existing social platform, was Facebook really trying to get into the future of video games—or were they getting something else entirely? Well, one thing’s for clear thus far: they’ve at least picked up a pretty hefty lawsuit.
As business in the United States hasincreasingly focused on technology development, and as companies are looking to gain market advantages by developing processes and methods intended to increase their competitive position, preservation of trade secrets has become increasingly important.
It’s an all too familiar story.