Sierra Railroaded by Theft of Trade Secrets

On May 1, a federal jury in California awarded $17.4 million in punitive damages be paid by Patriot Rail Company LLC to Sierra Railroad Co. less than two months after awarding a $22.3 million verdict for misappropriation of trade secrets. The case stems from discussions in 2005 through which Patriot expressed interest in purchasing Sierra.

Enforcing Trade Secrets in One Case May Void Trade Secrets in a Future Case: U.S. Court Voids $920 Million DuPont Award in Kevlar Case

On April 3, the 4th Circuit Court of Appeals vacated a $919.9 million verdict awarded to DuPont in a theft of trade secrets action against Kolon Industries, Inc. The award was the third largest U.S. jury verdict in 2011. A new trial has been ordered. In 2009, DuPont sued Kolon over allegations that former employee

Pennsylvania Judge Vacates $1.4 Million Trade Secret Verdict

On March 21, the Pennsylvania Superior Court vacated a $1.4 million verdict in a trade secret case between Advanced Research System Inc. (“ARS”) and ColdEdge Technologies Inc., both of which manufacture and sell devices for low temperature scientific research. In 2008, ARS sued ColdEdge and its founders in the Lehigh Valley Court of Common Pleas

Judge Expresses Concern over Indictment of Ex-Two Sigma Employee

As we previously reported, Kang Gao, a former analyst for Two Sigma Investments, was indicted in New York for 11 counts related to the theft of trade secrets. He is being held on $1 million bail. Two Sigma also sued Gao on civil charges stemming from the same alleged taking of information regarding Two Sigma’s

PNC Sues Former Executive and Morgan Stanley Over Theft of Trade Secrets

On March 14, PNC Financial Services Group filed suit in the Western District of Pennsylvania against one of its former executives and Morgan Stanley Inc. over allegations of the theft of trade secrets. PNC alleges that Eileen Daly, a former senior vice president at PNC, along with three other PNC employees, obtained confidential customer information

SK Hynix sued by SanDisk and Toshiba, employee arrested in Japan for theft of trade secrets

A large dispute is brewing in both Asia and the United States over the alleged actions of a former employee of flash memory manufacturer SanDisk. On March 13, the Tokyo Metropolitan Police Department arrested Yoshitaka Sugita over actions he took while employed at SanDisk in 2007 and 2008. SanDisk has long enjoyed a lucrative partnership

Former Two Sigma Investments analyst indicted in New York

Another week, another indictment for the theft of trade secrets. This time, the Manhattan District Attorney’s office returned an 11-count indictment against Kang Gao, a 29 year old China native. The indictment alleges that Gao stole confidential information from his former employer, Two Sigma Investments LLC, which uses complex mathematical models in its business of

Theft of DuPont trade secrets leads to guilty verdict against two in $28 million conspiracy

In recent years, the U.S. Department of Justice (“DOJ”) has been much more aggressive in investigating and prosecuting federal criminal trade secret matters. This trend continued Wednesday, when a federal jury in California found Mr. Walter Liew and his company, USA Performance Technology Inc., guilty of conspiracy to commit economic espionage and possession of trade

Court Finds Actual Use Not Required – Grants Preliminary Injunction Against Ex-AMD Employees for Trade Secret Theft

It’s not hard to figure out what happens when a group of rogue employees copy over one … million … files from their employer’s network immediately prior to taking new positions with a chief competitor.  Beyond impressing Dr. Evil with the sheer volume of documents copied, protracted trade secret litigation often ensues! In an important

GM Trade Secret Suspect Learns That Stealing Information Can Lead to Jail

In the intangible world of intellectual property, it is often easy to overlook the possible criminal penalties associated with trade secret theft. Yu Qin, a former electrical engineer for General Motors Corp. (“GM”), learned about such ramifications last month when he was sentenced to three years in prison for copying thousands of confidential GM documents pertaining