For the first time, companies have a federal private right of action for misappropriation of trade secrets in the U.S. The Defend Trade Secrets Act (“DTSA”), signed by President Barack Obama on May 11, 2016, applies to any misappropriation of trade secrets that occurs on or after the signing date. Until now, companies victimized by trade-secret theft were limited to state law and state court civil actions to enjoin perpetrators and their new employers or business partners from benefitting from the theft and to seek a remedy for violations that have already occurred. With its federal forum and federal remedy, the DTSA, over time, will create a nationwide body of law and provide a degree of predictability to company litigants. The DTSA does not preempt state trade secrets laws, however, and state law and state courts will remain an option for victims of trade secret theft. For additional information about the substance of the law, visit http://www.jacksonlewis.com/publication/defend-trade-secrets-act-becomes-law-opening-federal-courts-aggrieved-companies.