PowerPlan Inc. Settles $24 Million Dispute Amid Anti-Competitive Allegations in Utility Software Industry

In a legal resolution between corporate rivals, PowerPlan Inc., a subsidiary of Roper Technologies, has agreed to a $24 million settlement. The settlement addresses claims from a competing firm established by former PowerPlan employees. The rival firm alleged that PowerPlan attempted to stifle competition by threatening legal action against them as well as their potential clients. This settlement marks the culmination of a contentious dispute over alleged anti-competitive practices in the utility software industry. For more details on this recent legal development, you can read the full article on Law360.