Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
U.S. District Court Green Lights DealMaker’s Trade Secrets Lawsuit Against Darren Marble, Issuance Inc., and Crush Capital Inc.
DealMaker Release | Jun 28, 2023
DealMaker's lawsuit against Darren Marble, Issuance Inc., and Crush Capital Inc. has been greenlit by the United States District Court for the Central District of California.
- The court has denied the defendants' motion to dismiss the case, affirming that DealMaker's trade secrets claims are adequately stated in the complaint. This development underscores the importance of intellectual property rights and the potential legal consequences of their violation.
See: CCA 2022 Investment Crowdfunding Report: 7 Charts Highlight Growth and Impact
- Canadian company, DealMaker, a pioneer in the capital markets sector, alleges that the defendants accessed their platform under false pretenses and misappropriated their intellectual property and trade secrets. This case serves as a reminder of the critical role of ethical business practices in maintaining a competitive edge and the potential legal repercussions of their breach.
- In addition to the ongoing lawsuit, DealMaker has also sought a preliminary injunction to prevent the defendants from making false statements about the company. This move highlights the importance of reputation management in the business world and the legal measures companies can take to protect their brand image.
- DealMaker's innovative approach to capital raising, which includes equity crowdfunding, investor ranking algorithms, and data/analytical tools, has revolutionized the industry. The company's mission to simplify the process of raising capital into an eCommerce-like experience underscores the growing trend of digital transformation in the financial sector.
See: Patentability In Software – Everything You Need To Know
- The implications of this case extend beyond the involved parties. It emphasizes the importance of intellectual property protection in the era of digital business and could set a precedent for future cases involving trade secret misappropriation. For businesses, it serves as a reminder to ensure robust security measures and legal protections for their proprietary information.
View the original release --> here
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