Silicon Valley's Sweat Equity Partners Has to Sweat a Trade Secrets Suit
Wisconsin edge computing company Swoop Search says that instead of providing operational support, a Reid Hoffman-backed consulting company used trade secrets it learned during its engagement to stand up a competitor. The suit comes in response to a fraud action alleging that Swoop exaggerated its revenues and capabilities.
June 28, 2021 at 09:39 AM
5 minute read
(Photo: Shutterstock.)
A Wisconsin edge computing company is alleging that an innovative tech consulting company helped itself to more than equity in exchange for its engineering talent.
Swoop Search LLC asserts in a complaint filed Friday that San Francisco-based Sweat Equity Partners used confidential information it gleaned during a two-year consulting engagement to transform one of its own portfolio companies, TurbineOne LLC, into a competitor.
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