Tim and Chris turn their focus to the post FTC fight and the three cases looking to upend the ban on non-compete agreements. They also take a peak at Jane Street vs. Millennium Management case where two ex-employees accused of stealing trade secrets.
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.