Trade Secrets Cases May Spike After US Strengthens Law

Law360, New York (January 2, 2013, 9:40 PM EST) -- The number of criminal trade secrets cases is set to rise now that lawmakers have passed bills expanding the scope of the Economic Espionage Act and increasing penalties for violations, but the legislation could also spur Congress to give companies a right to file civil suits when their secrets are stolen, attorneys said Wednesday.

On Tuesday night, the U.S. House of Representatives passed a bill that boosts the maximum fines for violating the EEA, following Senate approval Dec. 19.

The bill now goes to President Barack...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.