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Va. Code Ann. § 59.1-338

Damages

Known as the Uniform Trade Secrets Act

The act spans §§ 59–59 (9 sections).

Applied in 5 court decisions — leading case 299 F. Supp. 2d 565 - Tao of Systems Integration, Inc. v. Analytical Services & Materials, Inc. (2004)

Most recently applied in SecureInfo Corp. v. Telos Corp. (September 2005)

1986, c. 210; 1990, c. 344.

How often courts cite this section

19942000200520
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

A. Except where the user of a misappropriated trade secret has made a material and prejudicial change in his position prior to having either knowledge or reason to know of the misappropriation and the court determines that a monetary recovery would be inequitable, a complainant is entitled to recover damages for misappropriation. Damages can include both the actual loss caused by misappropriation and the unjust enrichment caused by misappropriation that is not taken into account in computing actual loss. If a complainant is unable to prove a greater amount of damages by other methods of measurement, the damages caused by misappropriation can be measured exclusively by imposition of liability for a reasonable royalty for a misappropriator's unauthorized disclosure or use of a trade secret.

B. If willful and malicious misappropriation exists, the court may award punitive damages in an amount not exceeding twice any award made under subsection A of this section, or $350,000 whichever amount is less.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.