Hacking and Trading

In October 2007, Oleksandr Dorozhko, a Ukrainian national operating from Ukraine, “hacked into the computer network of Thomson Financial” and “gained access to IMS Health’s soonto- be-released negative earnings announcement.”  Securities and Exchange Commission v. Dorozhko, No. 07 Civ. 9606, 2008 WL 126612, at *1 (S.D.N.Y. Jan. 8, 2008).  Armed with this nonpublic knowledge of… Read More

Economic Espionage Act

FOR CORPORATE America, the Economic Espionage Act is a double-edged sword.  It can be used to protect a company’s intellectual property by prosecuting dishonest competitors who steal a company’s trade secrets, but it can also be used against a company that finds itself with trade secrets belonging to a competitor. Congress enacted the Economic Espionage… Read More

Post navigation