Linked by Thom Holwerda on Thu 12th Apr 2012 19:05 UTC
Legal "Former Goldman Sachs programmer Sergey Aleynikov, who downloaded source code for the investment firm's high-speed trading system from the company's computers, was wrongly charged with theft of property because the code did not qualify as a physical object under a federal theft statute, according to a court opinion published Wednesday." This could be a huge deal, if it ever were to be upheld in higher courts. More specifically, "because Aleynikov did not 'assume physical control' over anything when he took the source code, and because he did not thereby 'deprive [Goldman] of its use', Aleynikov did not violate the [National Stolen Property Act]". Well paint me purple with white and red dots and call me a girl scout.
Permalink for comment 513906
To read all comments associated with this story, please click here.
GS ought to have better terms.
by jefro on Thu 12th Apr 2012 19:47 UTC
Member since:

Big computer companies have had quite extensive terms of employment on this subject.

This will not pass larger courts. It will be ruled as intellectual property and therefore covered.

Reply Score: 2