By Bill Donahue (May 11, 2016, 4:04 PM EDT) -- President Barack Obama on Wednesday signed the Defend Trade Secrets Act into law, the culmination of a yearslong bipartisan effort to create a federal system of trade secrets law.
The new law, which overwhelmingly passed both the House and the Senate last month, will allow companies for the first time to file federal civil lawsuits for trade secrets theft. Until now, companies could either sue under various state laws or, in rare circumstances, lobby federal prosecutors to bring criminal charges.
The president has long publicly supported the legislation, which proponents say will bring greater predictability to trade secrets law than the...
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!