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Breaking News: The U.S. House of Representatives Passes the Defend Trade Secrets Act

BREAKING NEWS:  Today (Wednesday, April 27, 2016) the U.S. House of Representatives passed the Defend Trade Secrets Act. This Act allows companies to file civil lawsuits for trade secrets theft under the federal Economic Espionage Act. Currently, only criminal cases may be lodged by prosecutors. Private civil cases, on the other hand, must be filed under state law. The bill has already been passed by the Senate and is now headed to the president’s desk. The Obama administration “strongly supports” the bill.

DISCLAIMERThe information provided is for general informational purposes only. This post is not updated to account for changes in the law and should not be considered tax or legal advice. This article is not intended to create an attorney-client relationship. You should consult with legal and/or financial advisors for legal and tax advice tailored to your specific circumstances.

DISCLAIMER: The information provided is for general informational purposes only. This post is not updated to account for changes in the law and should not be considered tax or legal advice. This article is not intended to create an attorney-client relationship. You should consult with legal and/or financial advisors for legal and tax advice tailored to your specific circumstances.

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