January 2015

I hadn’t written anything yet about the multiple shareholder actions challenging the merger of PokerTek — a developer and distributor of electronic table (gambling) games — with Multimedia Games — another developer and distributor of gambling technology.

The transaction was valued at $12.6 million, making it one of the lowest value mergers ever attacked in

Can an exclusive licensee of a trade secret sue for its misappropriation?  Maybe, even though North Carolina’s version of the Uniform Trade Secrets Protection Act reserves the right to sue to an "owner."  N.C. Gen. Stat. §66-153.

The Uniform Act, by contrast, allows a "complainant" to bring an action for misappropriation.  The Fourth Circuit