14 May 2014 Federal Trade Secrets Act: As Big As It Sounds? (And What About Noncompetes?)
Noncompetes and Trade Secrets | Bill NolanAs many readers will be aware, Senators Coons and Hatch recently introduced the Defend Trade Secrets Act, which would create a federal trade secrets law allowing parties aggrieved by the misappropriation of trade secrets (such as former employers!) to bring private actions in federal court. Right now, former employers seeking to address trade secret misappropriation are governed by state laws, which – in the case of 48 states, some version of the Uniform Trade Secrets Act. So why the big news in various…