Trade Secret Litigation: Spoliation, Misappropriation, and Trends
Key Questions
What did the North Carolina Supreme Court rule regarding deleted files in trade secret cases?
The court held that deleted files can support an adverse inference in trade secret litigation. This ruling emphasizes the importance of evidence preservation.
What allegations does Pagaya make against Klarna?
Pagaya sued Klarna for alleged misappropriation of its underwriting technology. The case highlights ongoing disputes over proprietary financial systems.
What was the outcome of Samsara's trade secret lawsuit?
Samsara obtained an injunction against a former employee in a trade secret matter. The decision reinforces protections for employee-related confidentiality.
How did a trade secret settlement affect the San Antonio biotech company?
A $3.4M trade secret settlement default led Alamo Biologics to file for Chapter 11 bankruptcy. The case illustrates the severe financial risks of trade secret litigation.
What trends are emerging as the DTSA turns ten?
The Defend Trade Secrets Act shows a 65% settlement rate after a decade. Practitioners are advised to focus on preservation letters and strong confidentiality agreements.
NC Supreme Court rules deleted files can create adverse inference in trade secret cases; Pagaya sues Klarna for alleged misappropriation of underwriting tech; Samsara wins injunction against former employee; biotech company unravels after $3.4M trade secret settlement default leads to Chapter 11. DTSA turns ten with 65% settlement rate. Practical lessons on preservation letters and confidentiality agreements.