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Last week, ProLogic, Inc. (ProLogic) voluntarily dismissed — without a settlement — the last of the claims remaining in its lawsuit against Aquarian Systems, Inc. (Aquarian) and two former employees who became employees of Aquarian. A team of Crowell & Moring lawyers successfully represented Aquarian and, after the claims against Aquarian were dismissed by ProLogic in May, the individual defendants. What began as a complaint seeking $25 million in damages for alleged trade secret misappropriation, tortious interference, and breach of contract, ended with a dismissal of all claims against Aquarian and the individual defendants, without any settlement or payment.

Continue Reading ProLogic Drops $25M Trade Secrets Lawsuit Against Clients of Crowell & Moring

Just before Congress’s August recess, the Trade Secrets Protection Act (TSPA) (H.R. 5233) was introduced in the House of Representatives. The TSPA is a companion to the Defend Trade Secrets Act (DTSA), which was introduced in the Senate in April. The TSPA and DTSA are the most recent attempts to create a federal civil remedy for certain trade secret theft cases – an effort that appears to have strong momentum. The TSPA was introduced on behalf of a bi-partisan coalition by Rep. George Holding (R-N.C.).

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With the ability to move large volumes of information electronically very quickly, the threats from cyber intrusions, joint development partners, and rogue employees are more significant every day. Dollars lost due to trade secret theft tally in the tens if not hundreds of millions annually. President Obama in his State of the Union address warned of the growing threat from cyber-attacks, especially corporate theft from foreign countries and companies. As a result, trade secrets are an increasingly important form of intellectual property protection. Corporate IP and litigation counsel should also be aware of key case developments in this fast moving area of law. With that in mind, we offer our Top 10 Trade Secret Decisions of 2013 …

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