Trade Secret RisksNephron Pharmaceutical Corp. agreed to accept $7.9 million to settle its trade secret misappropriation lawsuit against its competitor U.S. Compounding Inc., its parent company Adamis Pharmaceuticals Corp., and former employees.

Why it Matters: 

For the defendant businesses, the case arose from actions that every company routinely faces – hiring employees. But the competitors

Trade secret competitionEcolab Inc. sued a former marketing manager, Preston Alexander, alleging he used stolen trade secrets to set up a rival business in violation of the federal Defend Trade Secrets Act and related claims. Ecolab seeks the immediate return of its confidential information and damages for contract breach and trade secret misappropriation.

Why it Matters:

Ecolab’s

Misappropriation company informationTrade secret misappropriation lawsuits continue to be a potent offense for businesses against departing employees seeking to compete wrongfully. But as with any offense, it is critical to pay attention to fundamentals to be successful.

A recent federal district court opinion illustrates this point (link to memorandum and opinion provided below). Specifically, Raben Tire Co.,

Trade Secret ProtectionIn coming post, we will be covering in detail sweeping changes to trade secret law resulting from the recent enactment of the Defend Trade Secrets Act. This statute was signed into law on May 12, 2016, by President Obama with overwhelming bipartisan support (410 to 2 in the U.S. House of Representatives and by a