Now on Spilling Secrets, our podcast series on the future of non-compete and trade secret law:
The 2023 Academy Awards are over, but we’re keeping the awards season alive with our very own Trade Secrets Fail Awards, highlighting Hollywood’s biggest missteps in depicting trade secret issues on-screen.
Panelists Peter A. Steinmeyer, Katherine G. Rigby, A. Millie Warner, and Daniel R. Levy discuss their picks for the worst trade secret theft and misappropriation in the movies and on television.* * *
Tune in to Spilling Secrets, a podcast series on the future of trade secrets and non-compete law.
Each episode…
The FTC announced yesterday that it was extending the deadline to submit public comments on its proposed rule banning non-competitive employment.
With the extension, the FTC will now accept comments on the proposed rule until April 19. Originally, the deadline for submitting comments was March 20.
Information on how to submit comments can be found in the Federal Register notice.The Commission voted approving the public comment period extension was 4-0, with Commissioner Christine S. Wilson issuing a concurring statement.
100 business organizations had previously requested a sixty day extension on the public comment deadline.
Commissioner Wilson, who recently announced…
Thomson Reuters Practical Law has released the 2023 update to “Trade Secrets Litigation,” co-authored by our colleague Peter A. Steinmeyer.Following is an excerpt (see below to download the full article in PDF format):
Trade secrets are often an employer’s most valuable assets. When an employee or former employee misappropriates an employer’s trade secrets, the employer frequently initiates litigation with several goals in mind, including:Preventing further unauthorized use or disclosure of its trade secrets.
Recovering the trade secrets.
Obtaining damages.This Practice Note discusses trade secrets litigation. In particular, it addresses:Preliminary steps to consider, such as sending a…
FTC Commissioner Christine Wilson, published an Op-Ed in the Wall Street Journal today in which she announced her resignation from the FTC and explained her reasoning. Readers may recall that Commissioner Wilson was the lone dissenting voice on the FTC’s proposed banning rule non-competes nationwide.In the Op-Ed, Commissioner Wilson says that her decision to resign arose out of FTC Chair Lina Khan’s “disregard for the rule of law and due process and the way senior FTC officials enable her,” concluding with: “I refuse to give their endeavor any further hint of legitimacy by remaining” at the Commission. Relevant to…
Thomson Reuters Practical Law has released the 2023 update to “Preparing for Non-Compete Litigation,” co-authored by our colleague Peter A. Steinmeyer.
Following is an excerpt (see below to download the full version in PDF format):
Non-compete litigation is typically fast-paced and expensive. An employer must act quickly when it suspects that an employee or former employee is violating a non-compete agreement (also referred to as a non-competition agreement or non-compete). It is critical to confirm that there is sufficient factual and legal support before initiating legal action. Filing a complaint for monetary damages or a request for an injunction can…
In the second installment of the 2023 Trade Secrets Webinar Series, Seyfarth attorneys reviewed noteworthy legislation, cases, and legal developments from across the nation over the last year in the areas of trade secrets and data theft, non-competes and other restrictive covenants, and computer fraud. Plus, they provided predictions for what to expect in 2023.
As a conclusion to this webinar, we compiled a summary of takeaways:The FTC’s attempted regulation of employment non-competes as part of its rulemaking powers is unprecedented in the 109 years since its creation in 1914. The FTC bases its rulemaking authority on Section 5…
Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, June 29, 2022 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Wells Fargo & Company (“Wells Fargo” or the “Company”) (NYSE: WFC) investors that a class action has been filed on behalf of investors . Wells Fargo investors who lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email:
[email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy…
To continue our series on trade secret employee contract clauses, we’ve surveyed the First Circuit for updates to the law relating to restrictive covenants. Such covenants remain predominantly governed by statutes in Maine, Massachusetts, New Hampshire, and Rhode Island, while Puerto Rico continues to govern them by common law. And with no significant updates since 2020, restrictive covenants remain disfavored and under increased scrutiny in the First Circuit. Generally, these courts will only enforce noncompete agreements that are reasonable, no broader than necessary to protect an employer’s legitimate business interests, properly noticed, and in line with public policy. The applicable…
