Federal Court to be New Battlefield for Trade Secret Violation Disputes
The article, “Federal Court to be New Battlefield for Trade Secret Violation Disputes,” featured in Business Insurance, highlighted the Defend Trade Secrets Act of 2016, which President Barack Obama signed into law earlier this month, which establishes a smoother legal path for businesses pursuing trade secrets litigation by letting them take their case to federal court.
Mike Elkon commented on how the law’s ex parte seizure remedy, which allows courts to enter an order permitting the seizure of stolen trade secrets without having to provide a previous warning to its target, could potentially hurt companies.
However, Mike said the impact on firms at the receiving end of these orders could be “devastating” because “it can freeze an entire business.”
To read the full article, please visit Business Insurance.