CRA provided expert testimony on damages and valuation issues in a matter involving the theft of technical and commercial trade secrets related to investment portfolio management software and services. CRA was retained by the trade secret owner, a global leader in the Fintech industry, to assess the extent of unjust enrichment realized by the defendant, a cloud-based Software-as-a-Service (SaaS) provider. CRA developed complex financial models to determine unjust enrichment under multiple theories and on a customer-by-customer basis. CRA’s analysis considered key SaaS customer performance metrics and business enterprise valuation indicators, including discounted cash flow analyses and peer group multiples.
China refines trade secret protections
Important amendments to trade secret protection were made in administrative, civil, and criminal law in China. These amendments clarify terms used in the...