On November 5, 2019, Black Knight Inc. brought suit in Florida state court against PennyMac Loan Services LLC (“PennyMac”) alleging breach of contract and trade secret misappropriation under the Florida Uniform Trade Secrets Act. PennyMac allegedly used its access to Black Knight’s trade secrets and other confidential information relating to its proprietary mortgage servicing software platform (“MSP”) to work with third party software engineers and improperly develop an imitation mortgage-processing system. PennyMac purportedly did so…

Crowell & Moring invites you to attend the third installment of our “Safeguarding Your Secrets in the Digital Age” webinar series: How to Work with Third-Parties, Including Those Internationally, taking place on Tuesday, November 12th at 12:00 pm (EDT). During this webinar, Crowell & Moring Counsel Raija Horstman and Associate Judith Bussé will highlight best practices for trade secret protection, especially for when companies are required to share them externally or when collaborating with third parties or across…

On September 23rd, 2019, the District Court for the District of Colorado awarded Atlas Biologicals, Inc. a total of $2 million against Defendant Thomas Kutrubes and his company, Peak Serum, Inc. Kutrubes, a part owner and former employee of Atlas, was found liable for trademark infringement, misappropriation of trade secrets, and breach of fiduciary duty. Atlas holds trade secrets related to its bovine serum products, which are used for “cell culture and research in the…

We invite you to join Crowell & Moring’s second installment of our “Safeguarding Your Secrets in the Digital Age” webinar series: Reasonable Precautions to Protect Trade Secrets in The Digital Age, taking place on Tuesday, October 8th at 12:00 pm (EDT). During this webinar, Crowell & Moring Counsel Kate Growley and Julia Milewski will discuss the importance of taking reasonable precautions to protect trade secrets and best practices for doing so, including how to leverage common…

Christopher M. Warman allegedly has some valuable fudge recipes. In his second action to protect what he claims to be a valuable trade secret recipe for fudge, Warman’s complaint does not sugar-coat the parties’ sticky situation. He and his company have sued his ex-wife, Christine Falvo, and her company for a myriad of claims—trade secret misappropriation, trademark infringement, tortious interference with a contractual relationship, breach of contract, unjust enrichment, civil conspiracy and defamation. In this case, these…