Strom Law Firm Columbia SC
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Theft of Trade Secrets

What is Theft of Trade Secrets?

A trade secret is any confidential information about your company or enterprise that provides a competitive edge in the marketplace.ย  If leaked to a competitor this confidential informationย could give your competitor an advantage thereby causing harm to your company.

Trade Secret TheftA trade secret can consist of a:

  • Formula
  • Practice
  • Process
  • Design
  • Instrument
  • Pattern
  • Compilation of Information

How Are Trade Secrets Protected?

Trade secrets are protected from theft generally through the use of non-compete or non-disclosure contracts. Employees generally sign these contracts when hired by a company. Many companies only entrust a few select employees with trade secrets.

Penalties for Theft of Trade Secrets

Domestic Trade Secret Theft Penalties:

  • Individuals:ย  fined under Title 18 and/or up to 10 years in prison
  • Organizations:ย  $5,000,000 or 3 times the value of the stolen trade secret to the organization, including expenses for research and design

Foreign Economic Espionage Penalties:

If a trade secret theft was committed to benefit a non-U.S. government, agency or instrumentality, otherwise known as foreign economic espionage, then the penalty is much greater.ย  The Foreign and Economic Espionage Penalty Enhancement Act of 2012 was signed into law to protect U.S. jobs and technologies and advance the economic and national security interests of the United States.ย  Penalties are extreme for an individual or organization in violation of this federal statute:

  • Individuals:ย  $5,000,000 and/or up to 15 years in prison
  • Organizations: $10,000,000 or 3 times the value of the stolen trade secret to the organization, including expenses for research and design

What to do if you are charged with Trade Secret Theft?

If you are a former employee of a company or organization and are charged orย you are being investigated for dispersing trade secrets, it is important that you contact a South Carolina White Collar Crimes Attorney. Our White Collar Crime Attorney can review any documents that you may have signed concerning trade secrets. We understand that a trade secret theft charge can be damaging both professionally and personally. The South Carolina White Collar Crimes Attorney at the Strom Law Firm, LLC will fight to aggressively clear your name of trade secret theft charges. Call us today for a free consultation. 803.252.4800.

How this works

Step 1 - Welcome
In this step, you'll experience a warm welcome as you enter the Strom Law Firm.
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Step 2 - Initial Meeting
You'll meet with professionals. They will go through the facts of your case, explain the entire process.
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Step 3 - Preparations
We builds your case by interviewing witnesses, conducting legal research, drafting pleadings, and hiring experts.
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Step 4 - Trial
You'll learn that the firm is trial-ready. They've been preparing since day one and will guide you through the process.
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Step 5 - Resolution
your case concludes with the firm hoping for a positive outcome. They assure enduring friendships and a commitment to being there for you, regardless of future legal needs.
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My wife and I retained Bakari Sellers to represent our son in a case in Richland County. We found Mr. Sellers, his assistant Stephanie, and the rest of the staff at Strom, extremely courteous and professional. We really appreciated Mr. Sellers’ straightforward and honest approach. We believe this is a very competent law firm, and are satisfied with the legal outcome they achieved. We would highly recommend them!
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My experience with Mario and his staff was outstanding. When everyone said to give up my case with SSDI and after being poorly represented and losing. I had to file my own appeals and represent myself. I literally called every attorney in the book. Then I called Mario cold – I expected one more no! Well, this gentleman took my case and won. He knows the law and cares a lot. I am proud to call him my friend. If you need a professional to help you, call these guys.
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Thanks Olivia, It was a pleasure working with you. You were well prepared and presented our case in a very professional manner. I could not have ask for a better outcome. Working with everyone at the Strom Law Firm has always been a pleasure and I will be happy to recommend your Law Firm to anyone.
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Needed a lifesaver. I had gotten myself into a bad situation and the possibility of going to prison. Through the diligence and hard work done by attorney Alley B., I was able to walk out of that courtroom a free man. No tricks just hard down attorney work. She was an A1 professional and knew every inch of the Law pertaining to my case. For that, I am forever grateful.
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John Alphin was great. We basically worked together for 22 months. Bakari Sellers was also on the team and together those 2 guys were fabulous. Won the case and Iโ€™m still a client of Strom law firm. Thank you and awesome law firm.
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Strom Law Firm was really great and professional. I had a great experience with Mario as my attorney and his paralegal, Brian. These two are amazing, they worked very hard on my husband’s workman’s comp case and we were very pleased with the services and results ๐Ÿ‘. Brian was so prompt at returning phone calls and getting things ready for the case. I strongly recommend this firm for any of your legal matters. If I had to use you guys again, I would be happy to do so.
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