Tim and Chris discuss an ongoing case, VANDA PHARMACEUTICALS v. United States, which highlights the potential trade secret misappropriation by an FDA official!! This is preceded by a quick discussion of the FTC decision to ban non-compete agreements. More on that topic next week!
Episode 7: Record Breaking Judgement in Trade Secret Case
In this episode, Tim and Chris discuss a recent trade secret misappropriation case in China, which resulted in a record-breaking judgment of 640 million RMB (about 88 million USD). They highlight the significance of this case in recognizing the value of trade secrets and protecting companies from misappropriation. The case involved a wholesale movement of 40 employees from one Chinese electric vehicle company to another, resulting in the filing of 12 patent applications by the new company. The court considered factors such as the quick release of products and the publication of patents to establish the misappropriation of trade secrets. The discussion also touches on the challenges of enforcing judgments and the evolving legal landscape in China.