Escalent, a Michigan-based research and consulting firm specializing in fintech, has taken legal action. The firm recently purchased a fintech newswire from its former CEO, who has now launched a virtually identical platform. The company has now lodged a lawsuit in the Delaware Chancery Court against the former CEO. The case hinges on Escalent’s assertion that the ex-exec’s new fintech newswire is a direct duplicate of the platform he sold to the firm.
To familiarize yourself with the litigation in more detail, you can refer to the full proceedings on Law360.