The U.S. Justice Department will dole out more than $2.4 million to 13 jurisdictions, including states, cities and counties, to battle intellectual property theft, U.S. Attorney General Eric Holder Jr. announced on Wednesday.
Holder stressed that protecting intellectual property is vital to the U.S. economy.
"These new investments are coming at a critical time," Holder said in a statement. "As our country continues to recover from once-in-a-generation economic challenges, the need to defend IP rights—and to protect Americans from IP theft—has never been more urgent."
Corporate Counsel, an affiliate of The National Law Journal, has more here.