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 […]
Trade Secret Misappropriation
5 Years of Defend Trade Secrets Act
Today marks five years since the passage of the Defend Trade Secrets Act, which grants parties the right to pursue trade secret claims and damages in federal courts instead of only state courts. While damages available to a plaintiff under federal law are similar to damages under state law, Ocean Tomo Managing Director and financial […]
Expert Testimony Insights on Trade Secrets
The Defend Trade Secrets Act (DTSA) granted parties the right to pursue trade secret claims and damages in federal courts as opposed to only state courts. Damages available to a plaintiff under federal law are similar to damages under state law and damages awards may be just as substantial. In a Texas District Court decision […]