NY Judge Questions Rare Arrest In Trade Secret Theft Case

By Stewart Bishop (March 12, 2014, 5:48 PM EDT) -- New York Supreme Court Judge Jeffrey K. Oing on Wednesday questioned whether hedge fund Two Sigma Investments LLC had gone too far by seeking the arrest of a former analyst accused of stealing trade secrets, saying other employers might now copy the tactic and try to jail ex-workers in such disputes.

At a hearing in a Manhattan courtroom, Judge Oing pressed Two Sigma attorney Brian Fischer of Jenner & Block LLP as to why the hedge fund prodded the Manhattan district attorney's office into bringing criminal charges against 29-year-old Kang Gao, in what he deemed a "garden variety" employment dispute over...

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