Banking on Your Executive’s Compliance With the Trade Secrets Law
Lane Powell Shareholder Susan K. Eggum authored an article titled “Banking on Your Executive’s Compliance With the Trade Secrets Law” that appeared in the Fall 2014 issue of the Oregon Banker’s Association’s Banking Matters magazine. In the article, Eggum addressed managing the risks of trade secret misappropriation when a C-suite employee joins or leaves a company in possession of highly proprietary, non-public information. Forming and ending C-suite employment relationships in the banking industry can often involve demands, claims and litigation. Depending on whether you lost or gained the executive, even when a non-compete has not been signed and qualifying trade secrets are nowhere to be found, tort remedies are just as sweet to the courts as contract and statutory claims.