Employer Law Blog
May 4, 2016
Employer Alert: New Federal Law Protects Company’s Trade Secrets But Employers Must Take Steps To Gain The All Of The Benefits Of The Act
On April 27th Congress passed the Defend Trade Secrets Act of 2016 (S.1890 (DTSA) and sent it to President Obama, who has indicated he will sign it into law. Employers will now be able to utilize federal courts and new remedies to protect themselves against the theft of trade secrets and illegal competition. This allows trade secret holders the option of going directly to federal court—with its certainty of rules, standards, and practices—and avoiding the potential uncertainty and delay of busier state courts.