Monday, August 24, 2009, 8/24/2009 02:26:00 PM

Trade Secrets of the Securities Traders


Following up on last month’s post here concerning the case of the trader accused of stealing trade secrets from Goldman Sachs, the New York Times has an interesting and well-written piece about the case.

The story discusses the claims that former Goldman employee, Sergey Aleynikov, stole code that allowed for ultrafast computerized stock trading. Aleynikov was arrested at Newark Liberty Airport on July 3 and is now free on a $750,000 bond.

One issue dealt with in the article concerns when trade secrets claims should be pursued as criminal as opposed to civil matters.

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