House Panel OKs Trade Secret Bill, Disputed Seizure Rules
Law360, New York (September 17, 2014, 4:25 PM EDT) -- The U.S. House Judiciary Committee gave the green light Wednesday to legislation that would create a federal private right of action for trade secrets theft, but not before Democrats protested ex parte seizure provisions that critics fear could be used for anti-competitive purposes.
The committee reported out the Trade Secrets Protection Act, HR 5233, setting up a full House vote on a bill that would allow for civil lawsuits under the Economic Espionage Act. Currently, the statute provides only for criminal trade secrets cases lodged by prosecutors, and civil suits are filed under state law created under interstate Uniform Trade Secrets...
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