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Using trade secret law to fend off worker complaints is so far a niche strategy. ... found that in 2022, the median cost of litigating a trade secret case with less than $1 million at stake was ...
GlobalFoundries, which is majority owned by Abu Dhabi's sovereign wealth fund Mubadala, separately sued Armonk, New York-based IBM in New York federal court in 2023 for allegedly misappropriating ...
Apple plans to settle a lawsuit that accused tech startup Rivos of stealing its trade secrets related to computer-chip technology, according to a joint court filing on Friday in California federal ...
After the issuance of a class-action lawsuit in 2017 and lengthy litigation, in 2020, Apple agreed to pay the compensation of $500m (about $25 for each affected user). [78] In June 2022, a class action claim was launched with the Competition Appeal Tribunal based on the same software update. The claim states that the lack of an option to ...
A trade secret is any “formula, pattern, device or compilation of information which is used in one’s business, and which gives [the employer] an opportunity to obtain an advantage over competitors who do not know or use it.” [2] "New York courts typically consider the following factors in determining whether there is a trade secret: (1 ...
The Defend Trade Secrets Act of 2016 (DTSA) (Pub. L. 114–153 (text), 130 Stat. 376, enacted May 11, 2016, codified at 18 U.S.C. § 1836, et seq.) is a United States federal law that allows an owner of a trade secret to sue in federal court when its trade secrets have been misappropriated. [1]
Wisk has asked the court to immediately prohibit Archer from using 52 trade secrets that it alleges were stolen by former employees who were later hired by Archer. Wisk Aero files injunction in ...
The Federal Trade Commission soon began an antitrust investigation into Axon. The company offered to settle, but the FTC declined. In January 2020, Axon filed a lawsuit in the United States District Court for the District of Arizona, challenging the constitutionality of FTC's structure. The district court dismissed the case, holding that ...