Intellectual Property Law Knowledge Center

Posts Tagged ‘trade secret theft’

What do the ™, ℠, ®, ©, and “Pat. Pend.” Symbols Mean? How should I use them?

September 5th, 2018

Intellectual property assets are valuable. One way to maintain the value of those assets is to correctly use the applicable notice, shown as symbols or specific phrasing, that publicly designate the type of protection claimed.

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Enforcing Trade Secrets in One Case May Void Trade Secrets in a Future Case: U.S. Court Voids $920 Million DuPont Award in Kevlar Case

April 9th, 2014

On April 3, the 4th Circuit Court of Appeals vacated a $919.9 million verdict awarded to DuPont in a theft of trade secrets action against Kolon Industries, Inc. The award was the third largest U.S. jury verdict in 2011. A new trial has been ordered.

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Judge Expresses Concern over Indictment of Ex-Two Sigma Employee

March 26th, 2014

As we previously reported, Kang Gao, a former analyst for Two Sigma Investments, was indicted in New York for 11 counts related to the theft of trade secrets. He is being held on $1 million bail. Two Sigma also sued Gao on civil charges stemming from the same alleged taking of information regarding Two Sigma’s…

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PNC Sues Former Executive and Morgan Stanley Over Theft of Trade Secrets

March 20th, 2014

On March 14, PNC Financial Services Group filed suit in the Western District of Pennsylvania against one of its former executives and Morgan Stanley Inc. over allegations of the theft of trade secrets. PNC alleges that Eileen Daly, a former senior vice president at PNC, along with three other PNC employees, obtained confidential customer information during their employment that they have since used to draw customers to their new positions at Morgan Stanley, in violation of Daly’s employment agreement.

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Theft of DuPont Trade Secrets Leads to Guilty Verdict Against Two in $28 Million Conspiracy

March 6th, 2014

In recent years, the U.S. Department of Justice (DOJ) has been much more aggressive in investigating and prosecuting federal criminal trade secret matters. This trend continued Wednesday, when a federal jury in California found Mr. Walter Liew and his company, USA Performance Technology Inc., guilty of conspiracy to commit economic espionage and possession of trade…

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GM Trade Secret Suspect Learns That Stealing Information Can Lead to Jail

June 25th, 2013

In the intangible world of intellectual property, it is often easy to overlook the possible criminal penalties associated with trade secret theft. Yu Qin, a former electrical engineer for General Motors Corp. (“GM”), learned about such ramifications last month when he was sentenced to three years in prison for copying thousands of confidential GM documents pertaining to the automaker’s hybrid cars.

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Court Finds Actual Use Not Required Grants Preliminary Injunction Against Ex-AMD Employees for Trade Secret Theft

June 25th, 2013

It’s not hard to figure out what happens when a group of rogue employees copy over one million files from their employee’s network immediately prior to taking new positions with a chief competitor. Beyond impressing Dr. Evil with the sheer volume of documents copied, protracted trade secret litigation often ensues!

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