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Non-Compete and Trade Secrets Blog

Posts tagged Criminal Prosecution.

Just a few days after the Major League Baseball season opens next month, former St. Louis Cardinals scouting director Chris Correa will attend a sentencing hearing where he faces to up to five years in prison, a $250,000 fine, and payment of restitution to the Houston Astros. Correa pleaded guilty earlier this year to criminal charges brought against him under the Computer Fraud and Abuse Act ("CFAA"), 18 U.S.C. § 1030. Trade secret lawyers, baseball ...

On Friday, November 19, 2010, a Manhattan jury convicted former Société Générale trader, Samarath Agrawal, of misappropriating trade secrets. The case is one of two recent criminal prosecutions undertaken by the United States Government for employee theft of source code underlying high-frequency trading platforms.

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