There’s boung to be a good deal of gray area with any new piece piece of legislation. No matter how clearly defined things seem to be, sometimes it takes some litigation to figure everything out. The same holds true with the Texas Uniform Trade Secrets Act, which was enacted in September of last year.
In a stunning per curiam ruling, the Fourth Circuit Court of Appeals last week vacated a judgment of nearly $1 billion, and a 20-year non-compete injunction, entered by an Eastern District of Virginia judge in favor of the DuPont Company.
In a recent decision, the Fourteenth District Court of Appeals in Houston overturned a $4.4 million verdict against two former building manufacturer executives in a trade secrets suit.
If you are thinking about raising capital or selling your company, one of the most important questions that the investor or acquirer will want to know is whether you own your IP.
Around the globe, dozens of countries are considering or enacting legal reforms to grapple with the growing misappropriation of trade secrets.
Spell check features in word processing programs sent correction fluid the way of the buggy whip. Walter Liew and Robert Maegerle, however, saw a $28 million dollar payout to sell the secrets to, among other things, Liquid Paper. It is doubtful that they can “white out” the bars of their new prison cells, though.
Trade Secret Saturdays is a new initiative for a weekly round-up of articles and blog posts focused on trade secrets that caught our attention or that should be on your company’s radar screen. Enjoy.
In today’s competitive marketplace trade secrets are an organization’s most valuable asset. The only way to ensure protection of a trade secret is to keep the information confidential.
A recent federal court decision in California illustrates the care that plaintiffs should take when pleading their own claims in trade secrets cases, lest they provide defendants a ready basis for dismissal.
As in-house counsel, how would you like to tell your CEO: “While our customer lists, pricing information, and business processes are trade secrets, we can’t sue the independent contractor who stole them because we did not do enough to protect those trade secrets.”