Real Estate Private Equity Adviser Sues Former Executives Alleging Theft of Trade Secrets

Like private equity advisers, hedge fund managers have increasingly faced the need to zealously guard their trade secrets in an era where technology is both fundamental to proprietary trading strategies and can abet the theft of them.  See, e.g., “Eight Measures That Hedge Fund Managers Can Take to Mitigate the Risk of Theft of Their Trade Secrets,” Hedge Fund Law Report, Vol. 5, No. 21 (May 24, 2012).  A recently filed lawsuit is part of a flurry of recent high profile suits designed to redress – and in some cases criminalize – the theft and misuse of confidential information and proprietary trading strategies.  See “Protecting Hedge Fund Trade Secrets: What a Difference a Year Makes,” Hedge Fund Law Report, Vol. 5, No. 16 (Apr. 19, 2012).  This article summarizes the factual allegations in the complaint in the matter, as well as the causes of action and relief requested.

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