Ex-Two Sigma Analyst Cops To IP Theft, Faces Deportation
Law360, New York (February 24, 2015, 1:59 PM EST) -- A former analyst for hedge fund Two Sigma Investments LLC accused of stealing trade secrets on Tuesday admitted to lifting a confidential trading model from his former employer, setting the stage for his deportation to China.
Kang Gao, 29, appeared before New York Supreme Court Judge Jill Konviser and pled guilty to one count of unlawful duplication of computer-related material, a felony, with the understanding that he will be sentenced to 10 months in jail. Gao, a Chinese national, will almost certainly face deportation to his native country, Judge Konviser said.
Manhattan District Attorney Cyrus R. Vance claims Gao used a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!