Misappropriation of Trade Secrets
Technology Company
vs.
Fortune 500 Company
LexShares Investment
$2,250,000
Case Type
Misappropriation of Trade Secrets
Jurisdiction
Federal
Case Details
After founding a technology company, and developing proprietary hardware and software over several years, the plaintiff was approached by a Fortune 500 conglomerate to negotiate an agreement to license its technology. After signing an exclusive agreement that gave the defendant several months to complete its diligence process, the defendant allegedly extracted an extensive amount of confidential information from the plaintiff under the guise of diligence in order to consummate a transaction—which was never completed. The defendant then allegedly misappropriated the plaintiff's technology for themselves, launching a nearly identical product, infringing on the plaintiff's intellectual property and breaching multiple contractual obligations.
Funding Impact
The plaintiff operated a thinly capitalized technology startup with little to no litigation budget. The plaintiff was able to use LexShares $2,250,000 in funding to unlock value of their pre-settled legal claim which was the largest asset on its balance sheet. The liquidity provided by LexShares enabled the plaintiff's company to continue operations during litigation proceedings.
Case at a glance
Law Firm
Boutique litigation firm
Engagement Structure
Full contingency
Plaintiff
Medical technology company that developed an innovative device, holding multiple patents in the US and UK
Defendant
Fortune 500 conglomerate
Case Stage at Investment Date
Complaint filed
Read More Case Studies
Have a case that may need funding?
LexShares funds attorneys, law firms and plaintiffs with commercial lawsuits, and is one of the most active litigation finance firms in the world.