Protecting Trade Secrets? Beefy 'Defend Trade Secrets Act' to the Rescue

Trade secret misappropriation costs the U.S. economy about $300 billion each year. While some say this estimate is overblown, few question that robust trade secret protection is essential in light of cyber-spooks. The long-awaited Defend Trade Secrets Act (DTSA), signed into law May 11, 2016, creates a strong federal cause of action that unifies, beefs up, and streamlines trade secret law, misappropriation protections and litigation.

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