Iowa Asphalt Company Time-Barred From Trade Secrets Claims (1)

An asphalt plant manufacturing company is time-barred from bringing trade secret claims under the Defend Trade Secrets Act and Iowa Uniform Trade Secrets Act, a federal appeals court ruled.

CMI Roadbuilding Inc. was on notice of possible trade secret misappropriation since 2002, even if it didn’t have exact knowledge of the misappropriation, the U.S. Court of Appeals for the Eight Circuit said April 4.

The case illustrates that “trade secret theft is a real issue, and if you suspect something, you need to keep on top of it and not sleep on your rights,” David Cohen, president of intellectual property ...