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Corporations Keyed to Hazen
Aleynikov v. Goldman Sachs Group, Inc.
Citation:765 F.3d 350 (3d Cir. 2014)
Sergey Aleynikov was employed by Goldman Sachs (GSC) from 2007 to 2009. He worked as part of ta team of computer programmers responsible for developing source code relating to GSC’s high frequency trading system. GSCo is a broker-dealer limited liability partnership organized in New York. It is a subsidiary of GS group, the Goldman Sachs parent company. In April 2009, Aleynikov accepted an employment offer from Teza Technologies. Before leaving GSCo, he allegedly copied and transmitted to his home computer the lines of confidential source code. He was arrested by the FBI and convicted of theft of trade secrets and transportation of stolen property.
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