October 31, 2018 business of law

Trade Secret Litigation Continues to Soar

By Daniel S. Wittenberg

With the rapid rise of the technology industry and the increase in worker mobility, the conditions have been ripe for a corresponding growth in trade secret litigation. Recent studies confirm that lawsuits in this area have been trending upward, and will likely continue to multiply given the huge amounts at stake.

The most recent update to the Intellectual Property and the U.S. Economy report estimates the value added by intellectual property intensive industries at $6.6 trillion—up more than 30 percent since 2010. With that kind of valuation, the potential for misappropriation is not far behind.

 

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