Selecting an attorney for legal cases is a very important decision. Please enter your information below to receive a Free Consultation from an attorney in your area:
Intellectual Property News
Man Pleads Guilty To Stealing Morgan Stanley Trade Secrets
MICHAEL J. GARCIA, the United States Attorney for the Southern District of New York, announced today that IRA S. CHILOWITZ, 44, pleaded guilty yesterday in Manhattan federal court to charges relating to the theft, from CHILOWITZ’s former employer, Morgan Stanley & Co. ("Morgan Stanley"), of proprietary information regarding hedge funds. According to the felony Information to which CHILOWITZ pleaded guilty, statements made at his plea, and other documents publicly filed in this case:
Morgan Stanley’s Prime Brokerage Division provides financial and administrative services to numerous hedge funds. As a consultant to Morgan Stanley in its Information Technology Department, CHILOWITZ was responsible for establishing secure computer connections between Morgan Stanley and its Prime Brokerage clients. In this position, CHILOWITZ had access to numerous confidential and proprietary documents belonging to Morgan Stanley, including a list of all of Morgan’s Prime Brokerage hedge fund clients (the "Client Rate List") and the formulas used to calculate rates paid by clients to Morgan for certain prime brokerage services. Data in the Client Rate List is not generally known to the public and is valuable to competitors of Morgan.
From about December 2005 until about February 2006, CHILOWITZ conspired with another individual ("CC-1") -- who was a former Morgan Stanley client service representative -- to misappropriate the Client Rate List and to transmit it, via e-mail, to CC-1. CHILOWITZ admitted in Court during his guilty plea that he took the confidential and proprietary information from Morgan Stanley because it would potentially assist him and CC-1 in generating business for a consulting firm they had planned to form. Read more at newyork.fbi.gov.
The widespread use of trademarks in sports is protected.
Trademark protection is widespread in sports and is estimated at 2.5 percent of world trade.
Newsroom
News about Intellectual Property cases in Alabama and nationwide:
Guilty Plea In Trade Secrets Case
Colm F. Connolly, United States Attorney for the District of Delaware; William D. Chase, Special Agent in Charge of the Baltimore Federal Bureau of... Read more >
Definition:
Allows a trademark owner to seek registration in any of the countries that have joined the Madrid Protocol by filing a single application.
WIPO
Definition:
World Intellectual Property Organization - One of the 16 specialized agencies of the United Nations system. WIPO is responsible for the promotion of the protection of intellectual property throughout the world.
Trade Secret
Definition:
Definition of trade secret." A trade secret may consist of any formula, pattern, device or compilation of information which is used in one's business, and which gives him an opportunity to obtain an advantage over competitors who do not know or use it. It may be a formula for a chemical compound, a process of manufacturing, treating or preserving materials, a pattern for a machine or other device, or a list of customers.
Legal Disclaimers
All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Alabama Intellectual Property Attorney.com is not intended to be legal advice, but merely conveys
general information related to legal issues commonly encountered. Your access
to and use of this website is subject to additional Terms
and Conditions.
Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep
Did You Know?