On August 1, 2013, the Second Circuit affirmed Samarth Agrawal’s criminal convictions for violating both the National Stolen Property Act (NSPA) and the Economic Espionage Act (EEA) after he misappropriated SocGen’s high-frequency trading code at the time he was leaving the company. The Second Circuit’s decision in Agrawal is puzzling if not downright shocking to … Continue Reading
In two decisions issued last week, the Ninth Circuit and Second Circuit interpreted three different federal statutes – the Computer Fraud and Abuse Act (CFAA), the National Stolen Property Act (NSPA), and the Economic Espionage Act (EEA) – in ways that narrowed federal prosecutors’ ability to charge former employees for stealing proprietary information from their … Continue Reading
