OSR Enterprises AG marketing presentation of its Evolver self-driving EV technology. Credit: OSR Enterprises AG Holland & Knight Gets $7.8B Trade Secrets Suit Dismissed
In dismissing the case on grounds Texas wasn't the proper forum, the court noted all of the witnesses live and work in Israel, and the source code alleged to have been stolen is also held there.
August 29, 2024 at 02:40 PM
4 minute read
What You Need to Know
- A trade secrets lawsuit in Texas involving two Israel-based competitors in the electric vehicle technology industry was dismissed on a venue challenge.
- U.S. District Judge Alan D. Albright adopted a magistrate judge's recommendation that the case be tried in Israel.
A trade secrets lawsuit in Texas involving two Israel-based competitors in the self-driving electric vehicle technology industry was dismissed on a venue challenge.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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