With verdict amounts that could easily be mistaken for lottery winnings, the importance of properly navigating trade secret litigation has become increasingly clear in recent years. Notably, juries have recently returned trade secret verdicts in the sums of $764 million, $2 billion, and $940 million according to a report authored by Jessica Mason and Jack FitzGerald.
The surge in such eye-popping verdicts emphasizes the critical need for corporations to handle their trade secret issues carefully. By establishing proactive measures to safeguard the proprietary information, businesses can better defend against accusations of misappropriation and mitigate the risk of becoming the next headline in trade secret litigation.
Legal experts Mason and FitzGerald from Foley & Lardner have suggested several steps that employers can take towards this end. However, given the escalating stakes in recent years, ensuring the adequate protection of trade secrets will require constant vigilance and meticulous legal stratagems.