(California Court of Appeal) - In plaintiff's action under the California Uniform Trade Secrets Act claiming that the defendants misappropriated certain trade secrets belonging to plaintiff,trial court's dismissal of the complaint on the ground that plaintiff had forfeited its standing to preserve an action for misappropriation when it had gone through bankruptcy proceedings shortly after filing the complaint is reversed where: 1) a current ownership requirement is not supported by general principles of property or tort law; 2) existing authority imposes no "current ownership requirement" on trade secret plaintiffs; 3) adoption of a current ownership requirement in trade secrets cases is not warranted by analogy to trademark, patent, and copyright law; and 4) no policy concern preponderates in favor of current ownership requirement.
Source: findlaw.com