In 2013, Texas adopted a new law called the Uniform Trade Secrets Act to deal with situations involving the alleged theft of trade secrets. And recently, the Supreme Court of Texas had its first opportunity to interpret how the newly adopted law will be applied.
The Texas justices recently handed down a decision in In Re M-I LLC d/b/a M-I Swaco, Realtor, in favor of M-I SWACO, a subsidiary of oil technology giant Schlumberger, which had charged National Oilwell Varco (NOV) with stealing trade secrets. [See "Texas Supreme Court Hears Schlumberger's Suit Over Alleged Trade Secret Theft," Texas Lawyer, Jan. 20, 2016.]
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