• Federal Cause of Action for Trade Secret Theft on the Horizon
  • February 23, 2015
  • Law Firm: Shumaker, Loop & Kendrick, LLP - Tampa Office
  • In the wake of numerous reports of cyber security threats, Congress has introduced two bills intended to create a private cause of action for trade secret misappropriation under federal law. Senators Christopher Coons (D-DE) and Orin Hatch (R-UT) introduced the Defend Trade Secrets Act of 2014 (the “2014 DTSA”) in April of this year, and Representatives George Holding (R-NC), Jerrold Nadler (D-NY), Howard Coble (R-NC), Hakeem Jeffries (D-NY) Steve Chabot (R-OH) and John Conyers (D-MI) introduced the Trade Secrets Protection Act of 2014 (the “2014 TSPA”) at the end of July.