Tag: misappropriation
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Citibank v. Mitchell: Trade Secret Use From Memory Can Be Misappropriation
In a ruling that underscores the broad protections offered by California’s trade secrets law, Judge Charles R. Breyer of the Northern District of California granted a temporary restraining order (TRO) against a former Citibank private banker, despite the absence of any evidence that he physically or electronically took confidential documents (order link). The court held…
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Pegasystems v. Appian: Virginia Supreme Court Reverses $2 Billion Trade Secret Verdict Due to Lack of Specificity
In a major ruling issued on July 30, 2024, the Supreme Court of Virginia in Pegasystems Inc. v. Appian Corp., 904 S.E.2d 247 (Va. 2024), reversed a $2.036 billion judgment in favor of Appian Corporation against its competitor Pegasystems Inc., holding that Appian failed to identify its trade secrets with reasonable particularity and did not…