Trade Secrets and the Defend Trade Secrets Act
Companies in the U.S own an estimated $5 trillion in trade secerts
\xa0and about $3 billion is lost due to theft every year
\xa0
\xa0The federal Defend Trade Secrets Act of 2016 went into effect in May
- While it\u2019s still early to interpret how it will affect trade
\xa0secret litigation, some things are clear, especially that federal court
\xa0dockets will see an increase in more private trade secrets cases.
Chris Ryan, a partner in Baker Botts\u2019 Intellectual Property Group, discusses.