A poem about intellectual property: Intellectual property, a treasure so rare A creation of the mind, beyond compare It’s the fruit of our labor, our ideas and thoughts A source of pride and joy, that we dearly sought We pour our hearts and souls into every design And protect our works, with copyright as our […]
Ocean Tomo Economic Damages
U.S. Trademark Developments: Fraudulent Filings
For the benefit of Ocean Tomo and our clients, I follow trademark related news and developments within the United States Patent and Trademark Office (USPTO), the courts, other organizations such as the World Intellectual Property Organization (WIPO) and the Licensing Executives Society (LES), and in commerce generally. There are over 2.9 million marks registered and […]
Monetary Recovery for Trade Secret Misappropriation
Importance of Evaluating Defendant’s R&D Acceleration and Related Cost Savings More than six years have passed since President Obama signed into law the Defend Trade Secrets Act (“DTSA”) in May 2016. Since then, Federal trade secret actions have been on the rise, with an average of nearly 160 new DTSA cases filed each quarter since […]
Ocean Tomo’s Robert McSorley named Co-Chair for the Illinois Intellectual Property Alliance
Ocean Tomo Managing Director Robert McSorley, JD, CPA has been named the co-chair for the Illinois Intellectual Property Alliance (ILIPA) membership committee. The ILIPA highlights key events of interest to Illinois creator, protectors, and enablers of intellectual property. It also supports programs that improve the education and awareness of intellectual property including the Chicago Science […]
New Managing Director Robert McSorley
Ocean Tomo is pleased to announce the promotion of Robert McSorley, JD, CPA to Managing Director in Ocean Tomo’s Intellectual Property Disputes Financial Experts practice out of the firm’s Chicago headquarters. This practice area quantifies financial damages arising from intellectual property disputes and provides general litigation support. Mr. McSorley has 30 years of experience addressing […]
New Managing Director Alexander Clemons
Ocean Tomo is pleased to announce the promotion of Alexander Clemons, JD, MBA to Managing Director in the firm’s Financial Experts Intellectual Property Disputes practice out of the firm’s Chicago headquarters. This practice area quantifies financial damages arising from intellectual property disputes and provides general litigation support. Prior to joining Ocean Tomo, Mr. Clemons worked […]
Extraterritorial Application of the Defend Trade Secrets Act
Trade secrets are a valuable form of IP which need to be protected. In 2019, the FBI reported that the annual cost to the US economy of counterfeit goods, pirated software, and theft of trade secrets is between $225 and $600 billion. To further the protection of U.S. trade secrets, President Obama signed into law […]