The protection of trade secrets is critical for businesses in many different industries. Treating confidential information as trade secrets, rather than seeking patent protection, provides an alternative means of safeguarding valuable formulas, devices, techniques, patterns, processes, data compilations, client lists, and business methods and processes companies use in the conduct of their businesses. In 2016, Congress passed the Defend Trade Secrets Act, which creates a federal cause of action for misappropriation of trade secrets.
Trade secret protection and enforcement should be a fundamental part of a company’s overall intellectual property protection strategy.
Our firm has extensive experience helping clients with trade secrets protection, enforcement and disputes. Our engagements have spanned numerous industries and different types of trade secrets, ranging from software and financial services products to manufacturing methods for sporting goods, to the design of electronic games, to secret food formulas, customer lists and confidential publishing data. In the financial services and software fields we have handled trade secrets claims involving a software platform for the electronic trading of foreign currency exchange, software for trading financial derivatives, software for high frequency algorithmic trading of oil and other commodity futures, and financial software for the preparation of revised corporate earnings statements, among other products. We have a proven track record of resolving trade secrets disputes efficiently and, where necessary, litigating these disputes to a favorable resolution in federal and state courts throughout the United States.