$91.3M Verdict Serves as Cautionary Tale for Trade Secrets Holders and Prospective Buyers

Woman Wearing White Long-sleeved ShirtIn the case of Liqwd, Inc. and Olaplex LLC v. L’Oréal USA, Inc., et al., a Delaware jury recently awarded Olaplex $91.3 million after finding that L’Oréal had willfully misappropriated Olaplex’s trade secrets, breached the parties’ nondisclosure agreement (NDA), and willfully infringed two of Olaplex’s patents. In addition to paying a hefty award, L’Oréal will have to pull several of its products from the shelves. The case, which is now on appeal, is a cautionary tale about a potential acquisition gone awry.

The Case

In June 2014, Olaplex, a California-based haircare products startup, launched products designed to strengthen and protect hair bonds during the coloring process. In November of that year, Olaplex began selling its products through wholesale distributor Salon Centric, a wholly-owned subsidiary of L’Oréal. By January 2015, the success of Olaplex’s products had caught the attention of L’Oréal, and L’Oréal reached out to Olaplex about potentially acquiring the company.

The parties executed an NDA, pursuant to which Olaplex disclosed to L’Oréal its unpublished patent applications, detailed business information, and information concerning its product testing and methodologies. After receiving this information, L’Oréal informed Olaplex that it no longer wished to acquire Olaplex and, subsequently, released three sets of products that directly competed with Olaplex’s niche line.

Several Laboratory GlassesOn January 5, 2017, Olaplex filed suit against L’Oréal in the U.S. District Court for the District of Delaware, alleging that L’Oréal had willfully used Olaplex’s trade secrets to develop its own, competing products, and infringed Olaplex’s patents. L’Oréal asserted – among other things – that it had not used Olaplex’s information but, rather, independently arrived at its products, which it had been developing since late 2014.

On August 12, 2019, the jury found for Olaplex and awarded it an astounding $91.3 million in damages. The jury also found that L’Oréal’s conduct with respect to the misappropriation and patent infringement was willful (allowing for the award of multiple damages). After reviewing the verdict, the court reduced the award to just under $50 million, and entered a permanent injunction barring L’Oréal from using, making, or selling its infringing products. The case is now on appeal.

Takeaways

The L’Oréal case is an extreme example of an acquisition gone awry, and teaches us that – in the acquisition context – both the acquisition target and potential buyer must approach information exchange with caution, even where there is an NDA in place.

For both parties, there exists a tension between the need to properly evaluate a potential acquisition and the desire to avoid against a trade secret dispute. On the one hand, a potential buyer cannot properly evaluate an acquisition deal without understanding the underlying business and its assets. On the other, a potential buyer that is already developing products or services that are similar to the products or services of the acquisition target, possibly opens itself to a misappropriation claim if it seeks out the acquisition target’s trade secrets. Similarly, information exchange during the evaluation stage benefits the acquisition target to show potential profitability. However, companies looking to sell must be vigilant in protecting their trade secrets, or risk losing them altogether.

While there is no perfect solution, here are some takeaways from the L’Oréal case:

  • Both parties should think about limiting their exchange of information to only that information that is necessary to properly evaluate the acquisition.
  • Further, they should consider sharing information in stages, saving the most important information for last – when both parties have demonstrated commitment to effecting the acquisition.
  • If the potential buyer is also in the process of or considering developing competitive products or services, it should notify the acquisition target of such (in writing) and consider disclosing the general steps it is taking to develop such products or services, so as to put the acquisition target on notice.
  • Finally, both parties should endeavor to ensure that their NDA is detailed, comprehensive, and tailored to the specific needs of the parties.

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

 

 

 

Law360 Publishes Russell Beck’s Analysis of Misconceptions in the Noncompete Debate

Russell Beck‘s analysis of the misconceptions concerning the impacts of noncompete agreements was published by Law360 under the title, “Misconceptions In The Debate About Noncompetes.”

The analysis focuses on how the mistaken assumption that correlation implies causation has been increasingly informing decisions in the ongoing debate about the effects of noncompetes on the economy.

In particular, the analysis addresses two primary errors: (1) assuming that California’s ban on employee noncompetes is the reason for Silicon Valley’s success; (2) interpreting the developing research on the impacts of noncompetes as establishing that noncompetes are bad for the economy; and (3) failing to understand the unintended consequences of a ban on noncompetes, including, in particular, the elimination of an important tool for the protection of trade secrets.

The analysis ends with a caution to lawmakers considering changes to noncompete laws:

The proper regulation of employee noncompetes is an extremely complicated issue with no silver bullet. If policymakers believe that the prevailing market forces are insufficient to adequately limit the abusive use of noncompetes, legislative action is certainly an appropriate response. But, absent making the affirmative decision to base legislative policy on a visceral antipathy toward noncompetes, policymakers should engage in a critical analysis and avoid the temptation to rush to judgment. In particular, they need to be aware of – and at least consider, if not carefully weigh – the unintended adverse consequences of a policy that would ban noncompetes wholesale. The research into those considerations is, however, even more nascent than the research into the theorized adverse impacts of noncompetes.

In light of this, lawmakers should tread cautiously down any path that leads to the elimination of noncompete agreements. Indeed, the Obama Administration in its Call to Action and every state changing its noncompete laws has so far recognized this as well – and all have taken a tempered, considered approach.

The full analysis is also available (without subscription) at on Fair Competition Law as “Correlation Does Not Imply Causation: The False Comparison of Silicon Valley and Boston’s Route 128.”

____

For up-to-the-minute analysis of legal issues concerning noncompete agreements in Massachusetts and across the United States, read Russell Beck’s blog, Fair Competition Law.

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment law and business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Russell Beck’s work in this area is well recognized, and includes:

  • Over twenty four years of working on trade secret, noncompete, and unfair competition matters
  • Assisting the Obama White House as part of a small working group to develop President Obama’s Noncompete Call to Action
  • Authoring the book Negotiating, Drafting, and Enforcing Noncompetition Agreements and Related Restrictive Covenants (5th ed., MCLE, Inc. 2015), used by other lawyers to help them with their noncompete matters
  • Drafting and advising on legislation for the Massachusetts Legislature to define, codify, and improve noncompetition law
  • Teaching Trade Secrets and Restrictive Covenants at Boston University School of Law
  • Founding and administrating the award-winning blog, Fair Competition Law
  • Establishing and administrating the Noncompete Lawyers and Trade Secret Protection groups on LinkedIn, with over 1,600 members around the world
  • Founded and chaired the Trade Secret / Noncompete Practice for an AmLaw 100 firm

In addition, Russell was honored for his work in this area of law in the 2019 Chambers USA Guide, which stated that Russell Beck is a “terrific” attorney, who “is an excellent choice of counsel regarding noncompete agreements and the resolution of restrictive covenant disputes.” Chambers noted that Russell “basically wrote the new Massachusetts statute on noncompetes” and that “he’s an expert in employee mobility and nonrestrictive covenants.”

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

 

The Legal 500 Recommends Beck Reed Riden LLP

Beck Reed Riden LLP has been recognized by The Legal 500 United States 2019, an analysis of law firms based on surveys and interviews of more than 300,000 clients. The firm has been recommended in the category of “Intellectual property – Trade secrets (litigation and non-contentious matters).” Only 30 law firms in the United States appear on this list.

Russell Beck was specifically recommended in The Legal 500 United States 2019 editorial.

The following is the independent editorial write up from The Legal 500 on the firm’s ranking:

Beck Reed Riden LLP ‘provides extremely knowledgeable counsel‘, who deliver ‘practical, real-world experience‘ and ‘efficient solutions‘. Massachusetts-based Russell Beck leads the practice and is ‘thorough‘, ‘organized‘, ‘responsive‘ and ‘efficient‘. He recently advised Blue-Grace in its action against a former employee who was simultaneously working for a competitor. Novartis and Staples are other key clients.

Russell Beck is a business, noncompete, and trade secrets litigator, nationally recognized for his trade secrets and noncompete experience. He was invited to the Obama White House to develop guidelines for the proper use of noncompetes and has been cited as an expert on trade secrets and noncompetes by The New York Times, The Wall Street Journal, the White House, the Treasury Department, National Public Radio, PBS, the BBC World News Service, and many others.

The Legal 500 is the world’s largest legal referral guide.

The Legal 500 US provides impartial, third-party opinions on leading lawyers and law firms across the country. The Legal 500 relies upon a sophisticated methodology to determine which firms and attorneys are included in its list.

eck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment.

Beck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

Russell Beck to Speak at AIPLA’s 2019 Spring Meeting

Russell Beck will be a speaker at this year’s American Intellectual Property Law Association Spring Meeting. The AIPLA’s Spring Meeting will take place on May 15-17, 2019, in Philadelphia.

Russell Beck will be giving a presentation on May 16th, titled “Managing Misappropriation: What to Do When Trade Secret Misappropriation is Suspected or Discovered.”

Russell Beck was previously appointed Chair of the AIPLA’s Trade Secret Law Committee.

For up-to-the-minute analysis of legal issues concerning non-compete agreements in Massachusetts and across the United States, read Russell Beck’s blog, Fair Competition Law.

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment law and business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Russell Beck’s work in this area is well recognized; it includes:

  • Over twenty three years of working on trade secret, noncompete, and unfair competition matters
  • Assisting the Obama White House as part of a small working group to develop President Obama’s Noncompete Call to Action
  • Authoring the book Negotiating, Drafting, and Enforcing Noncompetition Agreements and Related Restrictive Covenants (5th ed., MCLE, Inc. 2015), used by other lawyers to help them with their noncompete cases
  • Drafting and advising on legislation for the Massachusetts Legislature to define, codify, and improve noncompetition law
  • Teaching Trade Secrets and Restrictive Covenants at Boston University School of Law
  • Founding and administrating the award-winning blog, Fair Competition Law
  • Establishing and administrating the Noncompete Lawyers and Trade Secret Protection groups on LinkedIn, with over 2,400 combined members around the world
  • Founded and chaired the Trade Secret / Noncompete Practice for an AmLaw 100 firm

In addition, Russell was honored for his work in this area of law in the 2019 Chambers USA Guide, which stated, “The terrific’ Russell Beck . . . ‘He basically wrote the new Massachusetts statute on noncompetes’” and is an expert in employee mobility and restrictive covenants.”

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

Hannah Joseph Speaks about Protecting IP for Startups

Hannah Joseph recently spoke about strategies for protecting trade secrets at startup companies at the Boston Bar Association. Hannah’s April 23, 2019, presentation focused on some of the key issues facing startup companies, including the protection of trade secrets and the use of noncompete and nonsolicitation agreements.

Hannah Joseph is a member of the Boston Bar Association’s Intellectual Property Law Committee.

Hannah is an attorney with the firm’s litigation group, focusing her practice on the growing areas of trade secrets law, restrictive covenants, employee mobility, and unfair competition. She has counseled both corporate and individual clients on the use and enforceability of noncompete, nonsolicitation, and nondisclosure agreements, and successfully litigated cases on both sides regarding the enforcement of such agreements. Hannah also represents corporate and individual clients in disputes involving breach of contract, breach of fiduciary duty, and intra-corporate matters.

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment law and business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

Russell Beck and Lauren Schaefer Featured at Trade Secret Law Summit

Russell Beck and Lauren Schaefer were featured speakers at this year’s American Intellectual Property Law Association Trade Secret Law Summit. The AIPLA’s annual summit was held on March 21 and 22, 2019, in New York City.

Russell Beck gave opening remarks for the event and was a panelist on the March 21st presentation titled “Trade Secrets – Legislative Roundtable Discussion.”

Lauren Schafer delivered a presentation titled “Introduction to Trade Secrets” on March 21st.

On March 22, Russell moderated a judge’s panel featuring Hon. Loretta A. Preska from the United States District Court, Southern District of New York.

Russell Beck was previously appointed Chair of AIPLA’s Trade Secret Law Committee. Stephen Riden and Hannah Joseph also attended the Trade Secret Law Summit.

The two-day AIPLA conference featured presentations on the following additional topics:

  • Overview of New York Trade Secret Laws
  • Implementation of a Trade Secret Protection Policy & Process
  • Cybersecurity and the Workplace
  • Trade Secrets and Restrictive Covenants in the Financial Services Industry
  • Practical Tips for Employees Traveling Overseas with Trade Secrets
  • Use of Expert Witness on the Issue of Reasonable Efforts
  • Proactively Dealing with Confidential/Trade Secret Information when Advising a Departing Employee/New Employer
  • Protection of Trade Secrets in the Social Media Era

For up-to-the-minute analysis of legal issues concerning non-compete agreements in Massachusetts and across the United States, read Russell Beck’s blog, Fair Competition Law.

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment law and business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Russell Beck’s work in this area is well recognized; it includes:

  • Over twenty three years of working on trade secret, noncompete, and unfair competition matters
  • Assisting the Obama White House as part of a small working group to develop President Obama’s Noncompete Call to Action
  • Authoring the book Negotiating, Drafting, and Enforcing Noncompetition Agreements and Related Restrictive Covenants (5th ed., MCLE, Inc. 2015), used by other lawyers to help them with their noncompete cases
  • Drafting and advising on legislation for the Massachusetts Legislature to define, codify, and improve noncompetition law
  • Teaching Trade Secrets and Restrictive Covenants at Boston University School of Law
  • Founding and administrating the award-winning blog, Fair Competition Law
  • Establishing and administrating the Noncompete Lawyers and Trade Secret Protection groups on LinkedIn, with over 2,400 combined members around the world
  • Founded and chaired the Trade Secret / Noncompete Practice for an AmLaw 100 firm

In addition, Russell was honored for his work in this area of law in the 2019 Chambers USA Guide, which stated, “The terrific’ Russell Beck . . . ‘He basically wrote the new Massachusetts statute on noncompetes'” and is an expert in employee mobility and restrictive covenants.”

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

Ars Technica quotes Russell Beck on the New Massachusetts Noncompete Law

Russell Beck was quoted by Ars Technica in a recent article, “REGIONAL ADVANTAGE — Massachusetts gives workers new protections against noncompete clauses,” that discusses the new Massachusetts noncompete law.

Addressing why Massachusetts rejected California’s approach of banning noncompetes, Russell is quoted as follows:

“The legislature made the determination that noncompetes do serve legitimate business purposes and shouldn’t be prohibited,” said Russell Beck, an attorney who helped draft the legislation.

“California has by far the most trade secrets litigation,” Beck pointed out to me. “The inference I draw from that is that companies need to protect their information one way or another; if they can’t use noncompetes, they’re going to use trade secrets law.”

The article was published on August 22, 2018.

For the past nine years, Russell Beck has been advising various members of the Massachusetts Legislature (primarily Senator Will Brownsberger and Representative Lori Ehrlich) and he was the lead drafter of their bills. Most of the language in the current noncompete law is language that Russell Beck drafted or is based on language that he drafted, though a number of the provisions (such as garden leave) were added by others or significantly modified by others.

For up-to-the-minute analysis of legal issues concerning non-compete agreements in Massachusetts and across the United States, read Russell Beck’s blog, Fair Competition Law.

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment law and business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Russell Beck’s work in this area is well recognized; it includes:

  • Over twenty two years of working on trade secret, noncompete, and unfair competition matters
  • Assisting the Obama White House as part of a small working group to develop President Obama’s Noncompete Call to Action
  • Authoring the book Negotiating, Drafting, and Enforcing Noncompetition Agreements and Related Restrictive Covenants (5th ed., MCLE, Inc. 2015), used by other lawyers to help them with their noncompete cases
  • Drafting and advising on legislation for the Massachusetts Legislature to define, codify, and improve noncompetition law
  • Teaching Trade Secrets and Restrictive Covenants at Boston University School of Law
  • Founding and administrating the award-winning blog, Fair Competition Law
  • Establishing and administrating the Noncompete Lawyers and Trade Secret Protection groups on LinkedIn, with over 1,600 members around the world
  • Founded and chaired the Trade Secret / Noncompete Practice for an AmLaw 100 firm

In addition, Russell was honored for his work in this area of law in the 2017 Chambers USA Guide, which stated, “‘Excellent attorney‘ Russell Beck of Beck Reed Riden LLP is a ‘terrific noncompete specialist,’ according to industry commentators. He is a skilled litigator with experience representing clients ranging from individuals to large corporations at both trial and appellate levels.”

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

Russell Beck in Reuters on Noncompete Litigation

A recent article published by Reuters features Russell Beck in a story titled “IBM lawsuit casts diversity in starkly competitive terms.”

The article discusses a lawsuit filed by IBM against its former chief diversity officer. In the lawsuit, IBM alleges that its former employee violated her noncompete agreement by working for Microsoft, and that IBM’s recruiting efforts are protected trade secrets.

The article was written by Reuters reporter Jan Wolfe.

According to the story, IBM alleges in its lawsuit that its diversity data and strategy are economically valuable. The article describes Russell Beck’s reaction to IBM’s argument:

Russell Beck, a lawyer specializing in trade secrets law, said he was surprised to see IBM make such nakedly economic arguments about diversity, noting that corporations more typically cast their efforts as benefiting society as a whole.

For up-to-the-minute analysis of legal issues concerning noncompete agreements in Massachusetts and across the United States, read Russell Beck’s blog, Fair Competition Law.

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment law and business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Russell Beck’s work in this area is well recognized; it includes:

  • Over twenty two years of working on trade secret, noncompete, and unfair competition matters
  • Assisting the Obama White House as part of a small working group to develop President Obama’s Noncompete Call to Action
  • Authoring the book Negotiating, Drafting, and Enforcing Noncompetition Agreements and Related Restrictive Covenants (5th ed., MCLE, Inc. 2015), used by other lawyers to help them with their noncompete cases
  • Drafting and advising on legislation for the Massachusetts Legislature to define, codify, and improve noncompetition law
  • Teaching Trade Secrets and Restrictive Covenants at Boston University School of Law
  • Founding and administrating the award-winning blog, Fair Competition Law
  • Establishing and administrating the Noncompete Lawyers and Trade Secret Protection groups on LinkedIn, with over 1,600 members around the world
  • Founded and chaired the Trade Secret / Noncompete Practice for an AmLaw 100 firm

In addition, Russell was honored for his work in this area of law in the 2017 Chambers USA Guide, which stated, “‘Excellent attorney‘ Russell Beck of Beck Reed Riden LLP is a ‘terrific noncompete specialist,’ according to industry commentators. He is a skilled litigator with experience representing clients ranging from individuals to large corporations at both trial and appellate levels.”

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

Stephen Riden’s Presentation on Protection of Trade Secrets

On September 25, 2017, Stephen Riden spoke on a panel at the CEO Connection Mid-Market Convention in Philadelphia titled “Cyber-Security and Protecting Your Trade Secrets.” The presentation focused on best practices for protecting trade secrets and mitigating losses in the event of misappropriation or cyberattack.

According to the CEO Connection, the Mid-Market Convention is the premier annual gathering of mid-market CEOs. The event, held at the Wharton School of the University of Pennsylvania, brings together prominent leaders from diverse industries, along with select government officials, prominent academic figures, subject matter experts and media personalities for a three-day program designed to benefit their companies, the mid-market and the greater society.

The other panelists for the cybersecurity presentation were:

  • Special Agent Benjamin R.P. Stone with the FBI’s Philadelphia Field Office
  • Sem Ponnambalam, co-founder and President of XAHIVE

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment lawand business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

Russell Beck Presented On Trade Secrets At Federal Bar Association’s Annual Meeting

On September 14, 2017Russell Beck was a panelist at the Federal Bar Association’s Annual Meeting in Atlanta, Georgia. The title of the program was “The Defend Trade Secrets Act: Trade Secret Protection Goes Federal.”

The topic was described as follows:

“In May 2016, a major development in trade secrets law for American companies took effect – the Defend Trade Secrets Act (DTSA). The DTSA has been described as “the most significant expansion” of federal intellectual property law in 70 years. Hear an overview of the DTSA, what it means for practitioners, and how trade secret litigation will be impacted by the DTSA.”

Russell presented along with Ben Fink and Neal Weinrich of Berman Fink Van Horn P.C.

For up-to-the-minute analysis of legal issues concerning trade secrets and noncompete agreements in Massachusetts and across the United States, read Russell Beck’s blog, Fair Competition Law.

eck Reed Riden LLP is among the leading authorities in trade secret, noncompete, and unfair competition law, and our experience handling these matters is backed by our extensive employment lawand business litigation experience. Our hand-picked team combines attorneys with complementary expertise and practical experience.

The Wall Street Journal featured Beck Reed Riden LLP’s noncompete agreement experience. In 2016, the White House issued a report entitled, “Non-Compete Agreements: Analysis of the Usage, Potential Issues, and State Responses,” relying in part on Beck Reed Riden LLP’s research and analysis, including its 50 State Noncompete Survey.

Russell Beck’s work in this area is well recognized and includes:

  • Over twenty years of working on trade secret, noncompete, and unfair competition matters

  • Participating in the White House’s working group discussions that led to the development by the White House of a Call to Action on noncompetes. (He was the only private practice lawyer to participate in those discussions.)
  • Authoring the book Negotiating, Drafting, and Enforcing Noncompetition Agreements and Related Restrictive Covenants (5th ed., MCLE, Inc. 2015), used by other lawyers to help them with their noncompete cases

  • Drafting and advising on legislation for the Massachusetts Legislature to define, codify, and improve noncompetition law

  • Assisting several United States Senators on possible federal noncompete legislation
  • Creating and teaching the Trade Secrets and Restrictive Covenants courseat Boston University School of Law

  • Founding and administering the award-winning blog, Fair Competition Law

  • Establishing and administering the Noncompete Lawyers and Trade Secret Protection groups on LinkedIn, with over 2400 members around the world

  • Founded and chaired the Trade Secret / Noncompete Practice for an AmLaw 100 firm

In addition, Russell was honored for his work in this area of law in the 2017 Chambers USA Guide, which stated that Russell is an “excellent attorney,” a “terrific noncompete specialist, and “a skilled litigator with experience representing clients ranging from individuals to large corporations at both trial and appellate levels.”

Beck Reed Riden LLP is Boston’s innovative litigation boutique. Our lawyers have years of experience at large law firms, working with clients ranging from Fortune 500 companies to start-ups and individuals. We focus on business litigation and labor and employment. We are experienced litigators and counselors, helping our clients as business partners to resolve issues and develop strategies that best meet our clients’ legal and business needs – before, during, and after litigation. We’re ready to roll up our sleeves and help you. Read more about us, the types of matters we handle, and what we can do for you here.

1 2 3 4