Category Archives: Trade Secret Protection
Tesla and Rivian Settle Four-Year Trade Secret Dispute Before Trial
As reported by Yahoo Finance, the two competitors in the electric vehicle market have agreed to settle a four-year trade secret dispute. The settlement—which has confidential terms—will allow the companies to avoid litigation over the trade secret dispute. A trial was set to begin in March of 2025. Here, our Florida trade secret attorney… Read More »
Federal Judge Throws Out Multi-Million Trade Secret Verdict Against Boeing
On May 30th, 2024, King 5 News reported that Boeing was liable for a trade secret violation. A jury in Washington State awarded a local start-up company (Zunum Aero) tens of millions of dollars in damages. However, in August, a federal court judge tossed out the $72 million verdict. As reported by Reuters, a… Read More »
Jury Hits Company With Large Verdict in Trade Secret Misappropriation Case
According to reporting from Reuters, a jury has hit an India-based company with a $210 million verdict in a massive trade secret misappropriation case. The jury determined that Tata Consultancy Services improperly misappropriated the legally-protected trade secrets of a competitor (DXC Technology) in developing life insurance software. Here, our Florida trade secret protection attorney… Read More »
Financial Services Company Sued for Trade Secret Misappropriation
According to a report from Financial News, Marex—a global financial services platform—is facing a civil federal lawsuit for trade secret misappropriation. The complaint, filed by London-based fintech company RVAssets, alleges that two of its former employees improperly replicated its securities options trading software for Marex. Within this blog post, our Florida trade secret misappropriation… Read More »
Trademark vs. Copyright: What You Need to Know to Protect Your Business
Your top priority as a business owner is making sure that your company is a success. That means building your brand and ensuring your products or services stand out. But while you’re running around doing a million things, there’s one thing you can’t afford to neglect: brand protection. Ensuring that nobody else can use… Read More »
Trade Secrets 101: A Guide to Securing Federal Legal Protection
In 2016, the Defend Trade Secrets Act (DTSA) was signed into law by President Barack Obama. The DTSA allows an owner of a trade secret to file a federal lawsuit for harm caused by trade secret misappropriation. To obtain rights under the DTSA, there are specific requirements that must be satisfied. Here, our South… Read More »
Protecting Your Business Assets: Understanding Trade Secrets
As a business owner, you understand the importance of keeping certain aspects of your operations a secret from competitors. One of the most valuable assets to any business is confidential information that, if revealed, could allow others to profit from your hard work or innovation. This is where trade secrets come into play, and… Read More »
Twitter Alleges Meta Abused Trade Secrets in Developing New “Threads” Competitor
According to reporting from CNBC, Twitter is accusing Meta of unlawfully misappropriating its trade secrets in the development of its competitor “Threads.” A lawyer for Twitter drafted a letter to Meta—the parent company of Facebook and Instagram—arguing that the tech giant is guilty of “systematic” and “willful” trade secret misappropriation. Here, our Florida trade… Read More »
Four Steps That Florida Companies Can Take To Protect Their Trade Secret Rights
A trade secret is a form of intellectual property. Companies have a legal right to protect their rights to protect their trade secrets under both state law and the federal Defend Trade Secrets Act (DTSA). However, trade secrets are only legally protected if businesses take proper steps to keep the sensitive information confidential. You… Read More »