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New Federal Legislation On Trade Secrets
After years of discussion, Congress recently enacted federal legislation establishing a private right of action for misappropriation of trade secrets, vesting the federal courts with original jurisdiction over the litigation of such claims. On April 27, the U.S. House of Representatives overwhelmingly voted to send the Defend Trade Secrets Act of 2016 (DTSA) to President Obama for his signature. This vote followed the Senate's passage of the bill earlier in April by a vote of 87-0. After signaling his support for some time, the President signed the bill into law May 11.
With this legislation, Congress recognized the growing importance of trade secrets to the U.S. economy and has given businesses, such as those in the entertainment industries, confronted with trade secret theft another powerful weapon to secure injunctive relief and damages by granting federal question jurisdiction over trade secret misappropriation claims without the need for diversity or supplemental federal jurisdiction.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.