President Obama has signed the Defend Trade Secrets Law of 2016 into law, effective May 11, 2016.
President Obama has signed the Defend Trade Secrets Law of 2016 into law, effective May 11, 2016. As discussed in detail in our April 28, 2016 Legal Alert, the law provides a new, uniform federal civil remedy to trade secret owners whose intellectual property has been stolen—without preempting state law or disrupting fair competition. The law creates a strong weapon in the corporate arsenal to strike back and stem the tide of cyberthieves, unscrupulous employees, and others who misappropriate confidential information and trade secrets.
If you have any questions regarding the new law or other issues relating to trade secrets or noncompetition laws, please feel free to contact the author of this Alert, Mark Saloman, msaloman@fordharrison.com, a partner in our Berkeley Heights, New Jersey office and co-chair of FordHarrison's Unfair Competition practice group.