NJ Employment Law – New Law In New Jersey Regarding Trade Secrets

New Jersey’s legislature recently passed a bill that would protect companies from the misappropriation of trade secrets in NJ. The Bill is called the New Jersey Trade Secrets Act and is currently waiting for the Governor to sign it into law. A claim for misappropriation of trade secrets is currently only a common-law claims (that means that it is only based on case law). The Bill would create a law allowing a party to sue for the misappropriation of a trade secret. The damages permitted under the Bill would be limited to actual losses and repayment of any benefits or gains received by the party that took the trade secrets. If you have any questions regarding the Bill or your rights if a trade secret has been stolen, please call our New Jersey Employment Lawyers.

October 4, 2011 – Tom McKinney – Castronovo & McKinney