Trade Secrets Litigation: 2023 Update

Thomson Reuters Practical Law has released the 2023 update to “Trade Secrets Litigation,” co-authored by our colleague Peter A. Steinmeyer.

Following is an excerpt (see below to download the full article in PDF format):

Trade secrets are often an employer’s most valuable assets. When an employee or former employee misappropriates an employer’s trade secrets, the employer frequently initiates litigation with several goals in mind, including:

  • Preventing further unauthorized use or disclosure of its trade secrets.
  • Recovering the trade secrets.
  • Obtaining damages.

This Practice Note discusses trade secrets litigation. In particular, it addresses:

  • Preliminary steps to consider, such as sending a

Business Organizations Seek Extension on Comment Period Deadline on FTC’s Proposed Rule Banning Non-Competes | Seyfarth Shaw

100 business organizations submitted a letter today requesting a 60 day extension on the March 20, 2023, comment period deadline on the FTC’s proposed rule banning non-competites with employees and workers. The business organizations include organizations in manufacturing, commerce, retail, insurance, franchise, health care, technology, financial services, construction, and staffing.

In support of their request, the organizations stated the “regulated community should be given sufficient time to assess the potential consequences of the rulemaking and develop insightful comments for the Commission to consider.”

“This rulemaking, as the FTC itself acknowledges, will impact a significant portion of the economy” and “[g]given

What the DOJ Annual Reports Reveal About Federal Trade Secret and IP Protection Efforts

Every year since 2009, the United State Department of Justice (“DOJ”) has published a report that details the actions the DOJ has taken to implement Title IV of the Prioritizing Resources and Organization for Intellectual Property Act of 2008 (“PRO IP Act”) . The PRO IP Act reports also summarizes efforts, activities, and resources that the DOJ has allocated for intellectual property enforcement. There are now a dozen PRO IP Act reports available on the DOJ’s website, and they offer useful insights into how the DOJ prioritizes the enforcement of intellectual property rights and the prosecution of those violating IP

DC Circuit Holds Contractual Clause Directing Non-Disparagement Implies Employer Itself Cannot Disparage | Seyfarth Shaw

The DC Circuit recently held that a “Mutual Non-Disparagement” clause requiring an employer to “direct” its employees not to disparage a former employee could reasonably be interpreted as prohibiting the employer itself from making disparaging statements.

in Wright v. Eugene & Agnes E. Meyer Foundation, Dr. Terri Wright, a former employee of the Eugene and Agnes E. Meyer Foundation (the “Foundation”), filed suit against the Foundation after discovering its CEO, Nicola Goren, had made disparaging statements about her.

The Foundation hired Wright in early February 2018 as its Vice President of Programs and Community. During Wright’s tenure, Goren criticized

The Schall Law Firm Encourages Investors in UP Fintech Holding Limited with Losses of $100,000 to Contact the Firm

PRESS RELEASE

Published July 19, 2023

LOS ANGELES, CA / ACCESSWIRE / July 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against UP Fintech Holding Limited (“UP Fintech” or “the Company”) (NASDAQ:TIGR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the US Securities and Exchange Commission.

The Schall Law Firm, Tuesday, July 18, 2023, Press release picture

Investors who purchased the Company’s securities between April 29, 2020 and May 16, 2023, inclusive (the “Class Period”), are encouraged to contact the firm before August 21, 2023.

If you are

Texas Court of Appeals Dismisses Trade Secret Case Against Defendant for Lack of Personal Jurisdiction | Seyfarth Shaw

Establishing jurisdiction over a defendant is critical in every lawsuit. Trade secret cases are certainly no different. A recent appellate decision from Texas underscored this important point by dismissing a plaintiff’s claim against a defendant – who did not even deny that he received misappropriated trade secrets – for lack of jurisdiction.

The case is joe Formicola v. Virtual Integrated Analytics Solutions, LLC14th Court of Appeals, Texas, Case No. 14-22-00412-CV (the state court case is Virtual Integrated Analytics Solutions LLC vs. Optimal Designs Incorporated et al., Case No. 202215877, in the 189th District Court of Harris County,

Deuterman Law Group, PA – Firm Overview

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From the beginning, the Deuterman Law Group, a North Carolina Injury Law Firm, has been a different kind of injury law firm. We are a law firm focused on professionalism, ethics, respect, customer service and community service.

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Ethics, professionalism, customer service, justice, community service. Here, they’re more than buzzwords. They’re our core values. It’s the way we work, and it works well for us and for our clients.

I established the Deuterman Law Group in 2003 because I knew there was a better way to work, to treat employees and to serve

ROSEN, A LEADING LAW FIRM, Encourages Stem, Inc. f/k/a Star Peak Energy Transition Corp. Investors to Secure Counsel Before Important Deadline in Securities

Published: Jun. 24, 2023 at 3:09 PM PDT|Updated: 15 hours ago

NEW YORK, June 24, 2023 /PRNewswire/ —

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Rosen Law Firm, PA Logo(PRNewswire)

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers and acquirers of the securities of Stem, Inc. f/k/a Star Peak Energy Transition Corp. (NYSE: STEM, STEM.WT, STPK.U): (i) pursuant and/or traceable to the offering documents issued in connection with the merger (“Merger”) consummated on April 28, 2021 by and among the Company, STPK Merger Sup Corp. (“Merger Sub”), and Stem, Inc., (“Legacy Stem”); and/or (ii) between March 4,