A cryptocurrency startup, founded by two ex-employees of Citadel Securities, has requested a federal judge in New York to dismiss a trade secrets lawsuit filed by their former employer. The startup’s defense argues that the duo’s employment contracts stipulate that all disputes should be adjudicated in England.
The ex-Citadel Securities employees have reportedly urged the court to reject the allegations, representing a new development in a lawsuit that has drawn significant attention in both the cybersecurity and financial sectors.
In response, Citadel Securities, a prominent broker-dealer, insists that their former employees expropriated trade secrets, thereby underlining the escalating tensions in this international legal dispute.
Further details of the ongoing litigation can be found at Law360.