Thursday, January 03, 2013, 1/03/2013 08:00:00 AM

More on Economic Espionage Act Amendments

From IP 360, a story concerning the amendments to the Economic Espionage Act.

The story quotes John Marsh of Hahn Loeser & Parks LLP as saying that the two bills passed by Congress represent "a strong commitment by the federal government to broaden the protections of trade secrets."

The bill, once it’s signed by the President, will increase the maximum penalty for misappropriating trade secrets to benefit a foreign government from $500,000 to $5 million for individuals and also applies the law more broadly to the services industry.

The big question on tap for 2013: will Congress create a federal civil remedy for trade secrets theft as a cognate to the criminal statute represented by the EEA?


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