Trade Secret Newsletter: August 2023

As August comes to a close, we wanted to keep you updated with all things trade secrets. We are continuously seeing large trade secret verdicts and legislative/regulatory proposals that will affect these valuable assets. 

• This month, we were thrilled to release a podcast with Epstein Becker & Green, P.C. that features Partner Erik W. Weibust, Managing Director James Flynn, and Stephanie Southwick of Omni Bridgeway litigation funding. Trade secret and non-compete litigation can result in massive damage awards, but those cases can also be unpredictable. Many viable trade secret claims go unexplored due to financial limitations or a lack of willingness to invest in litigation leaving $Millions on the table.  Still, many other cases simply have holes.  MANY companies CANNOT pursue trade secret protection/litigation simply because they do not have the necessary proof needed to show that a trade secret was in fact a trade secret!!   Crown Jewel Protector gets a company “litigation ready”.  Here is the full podcast: https://lnkd.in/g26Qndbn

• Did you miss this week’s #TradeSecretTuesday? If so, no worries because we have decided to share the replay with you all. Listen below to learn the difference between confidential information, trade secrets, and patents, the 6 factor Litmus Test, case studies and more. All of our #TradeSecretTuesdays are available for replay. Email us for the other webinar replays or to register for the next event. These events are also announced on our LinkedIn page.  https://lnkd.in/gtf6gFCd

• Lastly, check out CEO, Mary Guzman's recent article in RIMS (Risk and Insurance Management Society, Inc.) Magazine that discusses best practices around protecting trade secrets in this regulatory and legislative environment. Full article below: https://lnkd.in/gsGThzHi

We are still running our promotion of a free 1-Hour Trade Secret Workshop for potential Insureds or buyers of our risk management services.