May 29, 2014

Senate Highlights Key Parts of Trade Secrets Legislation

A U.S. Senate Judiciary subcommittee held a hearing on May 13, 2014, to address whether current trade secret laws are strong enough to meet current threats of trade secret theft. A bill introduced in Congress would give trade secrets uniform protection nationwide under federal law, and would let companies and citizens file suit in federal court against those who steal their trade secrets.

Faegre Baker Daniels attorneys Randy Kahnke, Kerry Bundy, Marty Chester and Ryan Long authored an article in Law360 explaining the impact that The Defend Trade Secrets Act (S. 2267), might have in fighting the increasing problem of trade secret theft, which costs American companies billions of dollars each year.

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