FILE PHOTO: Small toy figures are seen in front of displayed Pfizer logo in this illustration taken, June 24, 2021. REUTERS/Dado Ruvic/Illustration/
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April 8, 2022 - Trade secrets are becoming increasingly valuable and integral to maintaining a company's success, but companies are often unaware of the legal, administrative, and technical tools they can use to protect this information. This knowledge gap is especially pronounced in the context of employee departures and moves to competitors. While a common occurrence in most industries, an employee's departure can put a former employer's trade secrets — and competitive advantage — at the most risk.
A recent lawsuit in the U.S. District Court of the Southern District of California highlights this danger, as well as the tools companies can use to give themselves notice. In Pfizer v. Li, No. 21-cv-1980, complaint filed (S.D. Cal. Nov. 23, 2021), pharmaceutical company Pfizer, Inc. sued a soon-to-be former employee for misappropriation of trade secrets, breach of contract, and trespass to chattel (essentially, intentional interference with enjoyment of personal property).
Pfizer alleges that its employee, Ms. Li, uploaded more than 12,000 files, several of which...
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