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Like other IP assets, trade secrets may be sold or licensed. [7] Unauthorized acquisition, use, or disclosure of a trade secret by others in a manner contrary to honest commercial practices is considered misappropriation of the trade secret. If trade secret misappropriation happens, the trade secret holder can seek various legal remedies. [7]
The case began when AMS filed a complaint in California state court against Kevin Gagnon, doing business as Mister Computer, two of his employees, and Gagnon’s new company, National Marketing Technologies, alleging, among other things, misappropriation of trade secrets and conversion. Gagnon removed the case to federal court and then filed ...
In 1975, Data General Corporation filed for permanent injunctive relief and damages based on Digital Computer Controls alleged misappropriation of trade secrets. Digital Computer Controls argued again that Data General Corporation took insufficient measures to protect the secrecy of their trade secrets.
In that case, a federal jury awarded Dalmatia $2.5 million for misappropriation of trade secrets, trademark infringement and counterfeiting, [6] $500,000 of which was allocated to the DTSA claim. [7] The trade secrets claim was based on Foodmatch's misappropriation of Dalmatia's fig jam recipe. [8]
A German-Canadian resident of China was sentenced to 24 months in prison in the U.S. for stealing electric vehicle trade secrets from Tesla for his competing EV battery business, the U.S ...
The Uniform Trade Secrets Act (UTSA), published by the Uniform Law Commission (ULC) in 1979 and amended in 1985, is a model law designed for adoption by U.S. states. [1] It was developed to resolve inconsistencies in the treatment of trade secrets across different states.
IBM argued that the appointment would cause it irreparable harm through inevitable disclosure and misappropriation of trade secrets. [1] IBM claimed that because of the information Papermaster had access to, including trade secrets, there was "substantial risk of Mr. Papermaster disclosing this information to IBM's detriment" which would result ...
trade secret Del Monte Fresh Produce Co. v. Dole Food Co. , 136 F. Supp. 2d 1271 (S.D. Fla. 2001), was a trade secret misappropriation case where Del Monte Fresh Produce Company asserted that Dole Food Company obtained their specialty pineapples through non-legal means and were unjustly enriched as a result.
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