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U.S. Sanctions Foreign Companies and Executive for Brokering Trade Secrets Stolen from U.S. Company in First-Ever Action Under the Protecting American Intellectual Property Act
UnknownMar 4, 2026(3 days ago)
U.S. sanctions foreign companies and an executive for brokering trade secrets stolen from a U.S. company.
On February 24, 2026, the U.S. Department of State announced the designation of one individual and two companies in connection with theft of trade secrets from a U.S. company, marking the first enforcement action under the Protecting American Intellectual Property Act (“PAIPA”). The State Department designated Sergey Sergeyevich Zelenyuk (“Zelenyuk”), a Russian national, his company Matrix LLC (doing business as “Operation Zero”), and an affiliated company based in the United Arab Emirates,... By: King & Spalding