Ladas & Parry LLP

PRESIDENT OBAMA SIGNED THE DEFEND TRADE SECRETS ACT OF 2016

tradesecrets-sqPresident Obama signed the Defend Trade Secrets Act of 2016, strengthening the abilities of companies to prevent and address trade secret theft.  Under this new law, owners will have a federal cause of action against those who have misappropriated their trade secrets.  The law will also create an ability to seize property necessary to prevent propagation or dissemination of a trade secret, increase the maximum fine, and provide some protection to whistleblowers. Read more here.

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