misappropriation

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misappropriation

n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any person with a responsibility to care for and protect another's assets (a fiduciary duty). It is a felony (a crime punishable by a prison sentence). (See: fiduciary, embezzlement, theft, larceny)

misappropriation

noun abuse, appropriation for a dishonest use, appropriation for a wrongful use, arrogation, breach of trust, conversion, defalcation, defraudation, embezzlement, fraud, fraudulent conversion, illegal use of property, larceny, malversation, misapplication, misusage, misuse, peculation, pilferage, stealing, swindle, theft, thievery, wrongful conversion of property, wrongful use
Associated concepts: conversion, misappropriation of funds

References in periodicals archive ?

So, the DTSA would not permit an injunction preventing employment under the Inevitable Disclosure Doctrine, but it would permit an injunction restricting employment based on evidence of threatened misappropriation.

Non-compete agreements, inevitable disclosure, and the DTSA

Furthermore, it prohibits a federal court from entering an order to prevent a person from entering into an employment relationship, and requires that conditions placed on such employment presumably to regulate trade secret acquisition, use, or disclosure shall be based on evidence of threatened misappropriation and not merely on the information the person knows.

United States : Defend Trade Secrets Act Creates Federal Claims, Seizure Remedy, Whistleblower Immunities and Required Disclosures

Further, the SEC says that under the misappropriation rules a person may have a duty of trust or confidence when

Don't run the risk: avoid insider trading liability by staying alert to insider trading risks and taking steps to protect against illegal acts

Practically, to mitigate any potential misappropriation of trade secrets or confidential information risk, the hiring company should tell the candidate, prior to making the job offer, that it is not interested in obtaining any of the former employer's trade secrets.

Critical Information Risks in Hiring?

The committee, in its report, indicted the management and board of the company for alleged misappropriation of the state assets in the Federal Capital Territory, Kwara, Lagos, and the Kaduna States.

Kwara Assembly recommends dissolution of agency over misappropriation

Official source said that a case had been registered against two officials over the allegations of alleged misappropriation in government funds earmarked for and provided to Agricultural Machinery Training School Bahawalpur.

Bahawalpur corruption case: Accused arrested

Another common pitfall involves failing to allege acts of continuing misappropriation that occurred after DTSA came into effect, where the initial misappropriation occurred or began before May 11, 2016.

Practice Tips for the Trade Secret Holder: Preparing a Complaint under the Defend Trade Secrets Act

Earlier in the day, Council for Advancement of People's Action and Rural Technology ( CAPART) said it had recommended registration of 159 FIRs against various NGOs for alleged misappropriation or misuse of funds disbursed to them.

SC asks Centre to act against errant NGOs

They were arrested on charges of alleged misappropriation of funds in the Divi Neguma Department, which came under the purview of the Economic Development Ministry.

Attorney General withdrew an indictment against Basil Rajapaksa and R.R.K. Ranawaka

On 18 April 2016, His Honour Acting Judge Garling sentenced Mr Hill to 2 years and 9 months jail for fraudulent misappropriation.

Australia : ASIC permanently bans former company director in relation to fraudulent misappropriation

The Act will create a federal private civil action for the misappropriation of trade secrets and provide trade secret owners the ability to request for an ex parte seizure under certain extraordinary circumstances.

The Knowledge Group Has Scheduled a Live Webcast on The Defend Trade Secrets Act (DTSA) of 2016: Impacts and Implications to Trade Secrets Owners Uncovered

LAHORE -- Punjab Chief Minister Muhammad Shahbaz Sharif has said that medicines worth billions of rupees provided to government hospitals should reach the patients at any cost and misappropriation of drugs procured with national resources will not be tolerated.