Jun 25, 2019
Hosts Greenberg Traurig Shareholder Jordan Grotzinger and Associate Jena MacCabe welcome you to the podcast!
Link to disclosure statement here.
A trade secret is comprised of information that (1) is not generally known, (2) has independent economic value from its secrecy, and (3) is subject to reasonable efforts to maintain its secrecy.
Misappropriation is (1) acquisition a trade secret by improper means, or (2) disclosure or use of the trade secret without the owner’s consent by someone who (i) acquired it by improper means, or (ii) knew that it was acquired by improper means or under circumstances giving rise to a duty to maintain its secrecy or limit its use.
Remedies for trade secret misappropriation are (1) actual damages or unjust enrichment, (2) reasonable royalties if actual damages and unjust enrichment are not provable, and (3) injunctive relief. In addition, for willful misappropriation, punitive damages and attorneys’ fees and costs may also be available. Under the DTSA, ex parte seizure is an additional remedy.
This podcast is eligible for CA self-study CLE credit. Certificates of Attendance will not be issued. CA attorneys are responsible for self-reporting the amount of time they listened. For all other jurisdictions, please contact your state’s MCLE Board or Committee for guidance on their rules and regulations as it relates to self-study credit.