Preston Pugh Quoted on U.S.-China Trade Secrets War in Bloomberg
"U.S. in No Hurry to Prosecute China's Stolen Chip Secrets Case"
Preston Pugh was quoted on the current proceedings in the U.S. v. United Microelectronics Corp. trade secrets case, which have been slower than many expected, despite promises by the U.S. Department of Justice (DOJ) to accelerate prosecutions of American intellectual property theft. The article states that while delays in complicated prosecutions involving foreign companies and individuals are quite common, the repeated postponements in this case are notable because it was filed under the "China Initiative," which was designed in part to prioritize trade secret theft cases. When asked about the effect of the delay on the parties and observers, Pugh said, "Delays in the case likely hurt Fujian Jinhau, UMC, and China economically." However, he went on to explain that the individual defendants may not be interested in expediting the proceedings, as they are Taiwanese nationals, and Taiwan does not have an extradition treaty with the U.S.