Do you recall the early days of the spy movie genre? Many of these movies depicted cloaked secret agents slinking around dark offices snapping pictures of evil plots to take over the world with their tiny spy cameras.
Earlier this week, the House Judiciary Committee took an important step in the effort to create a federal right of action for the misappropriation of a trade secret.
As we have previously noted, Congress this year is actively considering two bills that would create a federal private right of action for trade secret theft: The Trade Secrets Protection Act (H.R. 5233) and the Defend Trade Secrets Act (S. 2267).
On Friday, August 15, 2014, Judge Gerald McHugh of the Eastern District of Pennsylvania let stand several counterclaims that IMS Health Inc. (IMS) made against Symphony Health Solutions Corp. (Symphony) in connection with related to allegations that Symphony had poached IMS employees to steal trade secrets.
A non-compete covenant is a contract, or a clause in a contract, limiting a party from competing with the business or trade of another party. Most commonly such covenants are entered into between employers and their employees, or between companies during a transaction involving transfer of business or goodwill.
Despite the altruistic nature of some non-profits, they too are entitled to trade secret protection.
We have written recently about the ongoing effort in Congress to create a federal civil remedy for trade secret misappropriation.
Federal legislators introduced bills this year to create a civil cause of action for private litigants in federal court for trade secret misappropriation.