11th Circuit Upholds Trial Court’s Rejection of Liquidated Damages in Trade Secret Case | Seyfarth Shaw

Safeguarding trade secrets is typically Rule No. 1 for many companies—particularly technology companies. Therefore, when a company needs to share its highly-guarded trade secrets with a subcontractor in order to complete a project together, most companies understandably require the subcontractor to enter into a confidentiality agreement that includes a non-disclosure provision. Many of those confidentiality agreements also include a liquidated damages provision that is triggered by the subcontractor’s breach.

The benefits of including a liquidated damages provision are obvious. Often times it is extremely difficult—if not impossible—to calculate the precise, actual damage resulting from a breach. In these situations, a

Upcoming Webinars! 2022 Trade Secrets & Non-Competes Year in Review | Seyfarth Shaw

Trade Secrets Year in Review Webinar

Tuesday, January 24, 2023
1:00 pm to 2:00 pm Eastern
12:00 pm to 1:00 pm Central
11:00 am to 12:00 pm Mountain
10:00 am to 11:00 am Pacific

REGISTER HERE

In the second installment of the 2023 Trade Secrets Webinar Series, Seyfarth attorneys will review the noteworthy legislation, cases, and legal developments from across the nation over the last year in the areas of trade secrets and data theft, non-competes and other restrictive covenants , and computer fraud. Plus, they will provide predictions for what to expect in 2023.

Seyfarth attorneys, Michael Wexler, Robert Milligan, and Joshua Salinas will address

Texas Court of Appeals Affirms Summary Judgment in Physician Staffing Case Citing Lack of Damages Evidence | Seyfarth Shaw

On January 4, 2023, the Dallas Court of Appeals in Texas affirmed a summary judgment in a trade secrets physician staffing case that stands as a warning to practitioners regarding (1) what constitutes sufficient damages evidence to survive summary judgment, and (2) whether something can be considered on appeal that has been sealed or subject to a confidentiality agreement.

backgrounds

In March 2017, hospital staffing company Emergency Staffing Solutions Inc. (“ESS”) sued its two former employees, Harvey and James, for breach of their non-competition agreements by virtue of their new employment with its competitor, Concord, and solicitation of ESS’s customers

NBA Star Zion Williamson Secures Wins on the Basketball Court and in the Courtroom, After Defeating Claims of Trade Secret Misappropriation

NBA star Zion Williamson has more to celebrate than his recently announced five-year maximum rookie contract extension with the New Orleans Pelicans, worth up to $239 million. Williamson was also victorious in a lawsuit he filed against his former agent Gina Ford, and her agency Prime Sports Marketing LLC (“Prime Sports”). The case is Williamson v. Prime Sports Marketing LLC et al. in the District Court for the Middle District of North Carolina, No. 1:19-cv-00593.

Williamson entered into a marketing agreement with Ford and Prime Sports when he was just a freshman at Duke University. He brought suit in 2019,

Not All Documents Labeled Confidential Actually Are: Texas Jury Finds $23M Trade Secret Case Was Brought in Bad Faith | Seyfarth Shaw

On May 31, 2023, a Harris County Texas District Court jury found a telecom company acted in bad faith by filing a $23 million trade secret misappropriation lawsuit against a rival where the underlying technology was found to not actually be a trade secret.

Background & Analysis

In February 2019, Telecom firm Teligistics, Inc. (“Teligistics”) sued its rival Advanced Personal Computing, Inc. d/b/a Liquid Networx (“Liquid Networx”) and company executives Travis Wood and Robert Short, alleging they misappropriated trade secrets concerning its online platform for handling contracts named Telibid. Specifically, Teligistics alleged a former Liquid Network employee obtained a copy

It’s Open Season on Law Firms for Ransomware & Cyberattacks

An increasing rash of ransomware attacks on law firms prompted the UK’s National Cyber ​​Security Center to release a threat report last week advising the legal sector that their clients’ deepest, darkest, most sensitive secrets are in the crosshairs of some of the most prolific ransomware actors on the scene — and its time to get serious about securing legal sector networks.

The timing is apropos; just days ago snack food conglomerate Mondelez, behind brands like Ritz and Oreo, said the personal data of 51,000 of its current and former employees was compromised following a cyberattack on its law firm

The Schall Law Firm Encourages Investors in DouYu International Holdings Limited with Losses of $100,000 to Contact the Firm

PRESS RELEASE

Published June 19, 2023

LOS ANGELES, CA / ACCESSWIRE / June 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DouYu International Holdings Limited (“DouYu” or “the Company”) (NASDAQ:DOYU) 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, Monday, June 19, 2023, Press release picture

Investors who purchased the Company’s securities between April 30, 2021 and May 9, 2023, inclusive (the “Class Period”), are encouraged to contact the firm before August 8, 2023.

If you are

Small Business – Cordele Dispatch

NEW YORK, June 17, 2023 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Icahn Enterprises LP (“Icahn Enterprises” or the “Company”) (NASDAQ:IEP) and reminds investors of the July 10, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP)

If you have suffered losses exceeding $100,000 investing in Icahn Enterprises stock or options between August 2, 2018 and May 9, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partners Josh Wilson directly at