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 Trade Secrets From Hedge Funds
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 cybercrime.gov.
Small businesses lack idea theft prevention.
U.S. small businesses may lack the knowledge, expertise or resources necessary to prevent the theft of their ideas and products.
Newsroom
News about Intellectual Property cases in Texas and nationwide:
Definition:
The entity that is the recipient of a transfer of a patent application, patent, trademark application or trademark registration from its owner of record.
Notice
Definition:
A formal sign or notification attached to physical objects that embody or reproduce an intellectual property right.
Intellectual Property
Definition:
Certain creations of the human mind that have commercial value and are given the legal aspects of a property right.
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 Texas Intellectual Property Attorneys.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?