July 22, 2008 by Robert Tharp at 1:51:12 pm
Federal law on trade secrets causing some businesses to self report breaches
The stiff penalties that corporate America faces relating to trade secrets has led to some high-profile self-policing. Hewlett-Packard chose to turn in one of its own vice presidents
for disseminating a confidential IBM memo that he had taken from his previous job at IBM. Atul Malhotra is now a former HP employee facing charges of theft of corporate trade secrets and faces up to 10 years in prison and a fine of up to $250,000. Bill Munck of Dallas' Munck Carter says that companies wh want trade-secret protections under federal law must take reasonable measures to protect such proprietary economic information. "What constitutes ‘reasonable' is open to debate, but the territorial scope of the federal Economic Espionage Act is arguably limitless and criminalizes not only theft of trade secrets within the United States, but under certain conditions thefts made in other countries."
![]() |
BLOG CATEGORIES
Law Firm MarketingLaw Firm News
Legal News
New Media
Miscellaneous
ARCHIVE
BLOG ROLL
Unfair ParkFrontBurner
Tex Parte Blog
WSJ Law Blog
Dallas Blog
Androvett Legal Media and Marketing
