Defend Trade Secrets Act Not Retroactive, Rifle Co. Says

By Natalie Olivo (July 13, 2016, 1:55 PM EDT) -- The Defend Trade Secrets Act cannot retroactively apply to Adams Arms LLC's suit accusing its former business partners of shutting it out of contracts with Peru's military worth more than $100 million, the former partners told a Florida federal judge on Tuesday, saying a misappropriation claim should be tossed.

Aguieus LLC and two related senior officers asked the judge to dismiss Adams Arms' claim under the Defend Trade Secrets Act of 2016 in the rifle company's suit accusing Aguieus LLC and its subsidiary of enticing Adams Arms to design high-powered rifles for Peru's military, only to shut it out and misappropriate...

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