Reflections On The Goldman IP Theft Saga

Law360, New York (July 17, 2015, 1:16 PM EDT) -- Sergey Aleynikov was employed as a computer programmer from May 2007 to June 2009 at Goldman Sachs Group Inc. developing source code for Goldman's high-frequency trading system. An HFT system uses computers with complex algorithms to transact many orders at high rates of speed. Goldman's HFT system was a closely guarded trade secret, and Aleynikov was employed under strict confidentiality obligations.

Aleynikov was earning $400,000, the highest paid of the 25 programmers in the HFT group. In late April or early May, 2009, Aleynikov resigned from Goldman to accept a position as a computer programmer at another HFT firm, Teza Technologies LLC,...

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