Alta Devices Trade Secret’s Case Dismissed Due to Statute of Limitations

Alta Devices, Inc. learned the hard way that trade secret misappropriation claims have a statute of limitations. The company’s 2011 non-disclosure agreement with LG Electronics, Inc. ended in June 2012, but LG failed to return Alta’s confidential information at that time. Four years later Alta learned LG might be developing similar solar film technology as Alta. They requested their confidential information back and eventually sued LG. The three-year statute of limitations under the California Uniform Trade Secrets Act and Federal Defend Trade Secrets Act was triggered when the misappropriation was discovered.  In this case that was in 2012. Read more about the lessons other companies can learn about protecting their trade secrets from Alta’s case.