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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.