2nd Circ. Limits Prosecution In Goldman Trade Secret Case

Law360, New York (April 11, 2012, 2:31 PM EDT) -- The Second Circuit on Wednesday restricted the U.S. government's ability to prosecute alleged trade secret theft, issuing an opinion that explained the court's reversal of the conviction of a former Goldman Sachs Group Inc. programmer accused of stealing Goldman source code.

The programmer, Sergey Aleynikov, was found guilty in December 2010 of taking Goldman's proprietary computer code for its high-frequency trading system, with a jury saying he violated both the National Stolen Property Act and the Economic Espionage Act. He was sentenced to more than eight...
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