When should you consult with a trade secret expert witness? Trade secret experts provide in-depth analysis in disputes alleging unfair practice, unfair competition, and violation of a trade secret. Their experience and knowledge of U.S. Patent and Trademark rules and regulations provides a powerful advantage during litigation.
The World Intellectual Property Organization defines a trade secret: Broadly speaking, any confidential business information which provides an enterprise a competitive edge may be considered a trade secret. Trade secrets encompass manufacturing or industrial secrets and commercial secrets. The unauthorized use of such information by persons other than the holder is regarded as an unfair practice and a violation of the trade secret.
On May 1, 2019, Boise, ID, software company Clearwater Analytics was ordered to pay SS&C Technologies Holdings Inc. $44M in damages in a dispute over trade secrets. Headquartered in Windsor, Connecticut, SS&C sells software to the financial services industry. The lawsuit alleged that Clearwater Analytics hired two former SS&C employees and that the employees made copies of SS&C’s confidential product and customer documents with intent to use them at their new job. While Clearwater Analytics denied any wrongdoing, the Cook County, IL, jury ordered the Idaho company to pay damages.
Trade secrets consist of confidential business information which gives a competitor an economic advantage. Trade secrets are present in nearly every company from manufacturing to technology. When there are allegations of the unauthorized use of a company’s information, the plaintiff must show that the trade secret was improperly obtained in order to be awarded damages. Trade secret expert witnesses analyze the evidence and present an unbiased analysis to the court. These experts explain technical matters in language the jury can understand. Contact ForensisGroup to be connected with a hand selected expert tailored to the fact pattern in your case.