5th Circuit Rejects Comp Carrier's Claim of Trade Secret Misappropriation

A federal appellate court upheld the dismissal of an insurance provider’s claim of trade secret misappropriation based on its idea for an application to simplify the process for employers to obtain coverage. AmFed National Insurance Co. is a workers' compensation insurance provider and a wholly owned subsidiary of AmFed Holding Co. LLC. AmFed National signed a nondisclosure agreement with Valen Technologies Inc., a company that consults for insurers, covering the two entities' potential business relationship.  AmFed National’s president, Billy Roberts, also directed...