CRA’s Forensic Services Practice was retained by Latham & Watkins and Shearman & Sterling to investigate allegations that a client’s former employee had electronically plundered trade secrets, before moving to a competitor, which was the named defendant. The jury found the defendant liable for “willfully and maliciously” stealing the client’s trade secrets. Of the $44 million awarded as total damages, $28 million was awarded as punitive damages. The overall engagement was led by CRA Vice President Kris Swanson, with invaluable assistance from Vice Presidents Scott Solomon and Cuyler Robinson.
Navigating the intersection of innovation and regulation: Addressing fraud risks in the age of artificial intelligence (“AI”)
The rise of AI and generative artificial intelligence (GenAI) has been impactful in many industries, but there are inherent risks that organizations must...