Lawmakers Take Another Stab At Federal Trade Secrets Law

Law360, San Diego (July 30, 2015, 10:42 PM EDT) -- A bipartisan group of leaders in the U.S. Senate and House of Representatives on Wednesday introduced a bill that would clear the way for companies to bring a private right of action alleging trade secret misappropriation in federal court, a move aimed at preventing hundreds of billions of dollars in losses every year in the U.S. from the theft of corporate trade secrets.

Sens. Orrin Hatch, R-Utah, and Chris Coons, D-Del., along with Reps. Doug Collins, R-Georgia, and Jerrold Nadler, D-N.Y., floated the Defend Trade Secrets Act, which would allow for companies to pursue private civil suits to protect their trade...

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