This important piece of legislation will for the first time allow for federal protection of trade secrets. This statute allows an owner of a trade secret (confidential information) that has been misappropriated to bring a federal court action. This is meaningful because in the past, trade secrets have long been protected by a hodgepodge of state laws which resulted in disjointed outcomes. With this new law, trade secret owners can now rely on a single nationwide standard.
Please contact us if your data has been illicitly or improperly obtained, so we can discuss the options available to you and whether you qualify to bring a DTSA action.