A California federal judge has ruled that a jury will determine the outcome of a legal battle between Blockchain Innovation LLC and investment firm Franklin Templeton. The case centers on allegations that Franklin Templeton misappropriated trade secrets and breached its fiduciary duty and contract concerning a digital asset startup that Blockchain Innovation later acquired. This decision moves the dispute from preliminary hearings to a full trial, where each party’s claims and defenses will be assessed by a jury.
The outcome of this case could have significant implications for how investment firms handle sensitive information and manage their contractual obligations with tech companies. For more detailed information on the proceedings, please refer to the original report on Law360.