Legal options when competitors infringe your firm's intellectual property rights

I own a software development company that has clients all over the globe. We have been working on a new product that is likely to disrupt the market. We started by doing a lot of research and wrote a concept paper based on the same. We then started developing the product.

Mid-way into the project I was shocked when my competitor launched the exact product before me. I did an investigation and found out that my competitor hacked our systems and bribed one of our staff members to leak information related to the project. This is a huge setback for me. Do I have any legal remedies?