Reasonable Measures

Tangibly

Not yet ranked as the #1 Trade Secrets-related podcast in the world, Timothy Londergan and Chris Buntel discuss the latest developments in trade secrets and litigation. New episodes every week. Tim and Chris both found their way to intellectual property by way of chemistry. Organic chemistry PhDs to be exact. Chris had not had enough school so decided to go to law school and became a patent attorney while Tim jumped feet first into the start-up scene. A few years and a few companies later they united to build the first Enterprise SaaS platform for managing trade secrets.

  1. 10/08/2025

    From Copyright to Trade Secrets: Anthropic’s Impact on AI & IP

    In this episode of Reasonable Measures, Tim Londergan and Chris Buntel unpack one of the biggest developments in intellectual property this year: the 1.5 billion dollar Anthropic copyright settlement. The discussion explores what the case means for creators, AI companies, and the broader balance between innovation and protection in the age of large language models. Tim and Chris walk through the details of the lawsuit brought by author Andrea Bartz and others, who alleged that Anthropic’s AI systems scraped copyrighted books without permission. They discuss how the resulting settlement reframes the boundaries of fair use and how it signals that AI generated progress now comes with a royalty price tag. The conversation expands beyond copyright to consider how AI challenges traditional IP frameworks, especially around authorship, ownership, and creation. Chris and Tim also draw parallels to trade secret law, noting that while AI cannot legally invent or author, it can still create valuable trade secrets, making this form of protection increasingly central to the AI industry’s future. Takeaways The Anthropic settlement sets a major precedent for AI and IP, affirming that large language models must pay for the data they use. Fair use arguments have limits. When entire works are reproduced or leveraged commercially, creators deserve compensation. The settlement highlights that copyright is only one part of the AI and IP equation. Trade secrets now represent the core value of many AI companies. AI cannot be a legal inventor or author, but it can generate protectable trade secrets, reshaping how innovation is defined and safeguarded. The outcome reflects a cost of doing business for AI developers, establishing a model for how future disputes may be settled. As Tim and Chris note, trade secrets are no longer plan B. They are becoming the default protection strategy for cutting edge technology.

    24 min
  2. 03/17/2025

    $1.8 Billion and Counting, The Cost of Trade Secret Theft

    In this episode of the Reasonable Measures podcast, Tim and Chris return after a busy start to the year to dive into a landmark trade secret case: Phillips 66 v. Propel Fuels. They unpack how Propel secured a $604.9 million judgment—later tripled to a staggering $1.8 billion—due to willful and malicious trade secret misappropriation. The discussion highlights key risk mitigation strategies for companies navigating M&A due diligence and the evolving perception of trade secrets as a core intellectual property strategy. Tim and Chris also share insights from recent conferences and industry conversations, emphasizing how more organizations are proactively managing trade secret protection and governance. Takeaways: Massive trade secret verdicts are becoming more common. The Propel Fuels case reached nearly $2 billion, reinforcing the financial and legal consequences of misappropriation. Enhanced damages signal the importance of due diligence. Courts will punish companies that exploit trade secret information obtained during M&A discussions. Particularity matters. Propel protected itself by clearly defining 88 trade secrets, demonstrating best practices in trade secret identification and governance. Trade secret strategy is maturing. Companies are shifting from reactive protection to proactive trade secret management, recognizing it as a critical IP asset. Conferences reflect a changing IP landscape. Industry professionals are no longer debating whether to protect trade secrets but rather how to implement strong governance frameworks. M&A due diligence requires caution. Companies must assume deals may not close and plan accordingly to prevent intellectual property exposure.

    17 min

About

Not yet ranked as the #1 Trade Secrets-related podcast in the world, Timothy Londergan and Chris Buntel discuss the latest developments in trade secrets and litigation. New episodes every week. Tim and Chris both found their way to intellectual property by way of chemistry. Organic chemistry PhDs to be exact. Chris had not had enough school so decided to go to law school and became a patent attorney while Tim jumped feet first into the start-up scene. A few years and a few companies later they united to build the first Enterprise SaaS platform for managing trade secrets.