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: Legal Pad | LA

Calif. ruling alters statute of limitations in stolen trade secret actions

By Jason Siegel

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Trade secret owners in California may have less time to sue for theft of secrets than first appeared and may even lose legal protection if they don't take quick action against suspected theft.

A California appeals court in San Jose broke new ground in its analysis of when the three-year statute of limitations begins to run when a stolen trade secret is sold to a third party under the California Uniform Trade Secrets Act.

The ruling, the first of its kind under the CUTSA, tells trade secret owners they cannot simply rely on when a defendant learned of potential misappropriation to start the three-year clock, nor can defendants wait out the three year limit before using protected material.

Read the full story here

Full post as published by Legal Pad | LA on June 03, 2008 (boomark / email).

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