On June 10, the Federal Trade Commission (FTC) filed an amended complaint for civil money penalties and other relief under Section 5 of the FTC Act prohibiting “unfair or deceptive acts or practices” and Section 521 of the Gramm-Leach-Bliley Act (GLBA) prohibiting the use of fraudulent statements to obtain consumer information.
USA, Company & Commercial, Insolvency & Restructuring, IT & Data Protection, Sheppard Mullin Richter & Hampton LLP, Federal Trade Commission (USA), Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Fair Debt Collection Practices Act 1977 (USA)
On September 2, 2020, the Fifth Circuit declined to void a fee award of nearly $2.3 million in favor of an employer that had prevailed on its trade secret theft claim against its former employee, because the employee willfully failed to comply with the bankruptcy court’s “extremely explicit” order regarding his objections to the award.
Background
USA, Designs and trade secrets, Employment & Labor, Insolvency & Restructuring, Litigation, Sheppard Mullin Richter & Hampton LLP, Bankruptcy, Stryker Corporation, Fifth Circuit