Florida Amends Trade Secret Statute to Include Financial Information

By: Carl Erhardt, Larry Kunin & Alex Woollcott

Recent changes in two Florida statutes exempt financial information that is a trade secret from mandatory disclosure under Florida’s otherwise broad Sunshine Laws.  Florida has amended statute § 812.081, Florida’s criminal trade secret act, to expressly include “financial information” among the examples of trade secrets.  Citing to such new definition, Florida also amended several other statutes resulting in the exemption of financial information from mandatory disclosure under the Florida Sunshine Laws.

The broadening of the public disclosure exclusion was the result of lobbying from private companies involved in “P3s” – public, private partnerships.  In

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