Bitcoin Forum

Bitcoin => Press => Topic started by: hendra147 on September 23, 2016, 02:01:37 AM



Title: [2016-09-22]New Lawsuit Filed Against Xapo Founder Wences Casares
Post by: hendra147 on September 23, 2016, 02:01:37 AM
Identity-theft protection company Lifelock has filed another lawsuit against Wences Casares, founder of bitcoin wallet company Xapo.

The suit was filed on Monday in Delaware Chancery Court against Casares and his former CFO at digital wallet startup Lemon, Cynthia McAdam, who currently serves as president and general counsel for Xapo.

LifeLock has alleged that the two withheld intellectual property related to Xapo and bitcoin integration software for Lemon that should have been included a 2013 acquisition of the startup by LifeLock, according to Courthouse News.

The suit also alleges that both Casares and McAdam worked on developing Xapo during a transition period when they were under the employ of Lifelock.

The complaint states:

    "Defendants' post-merger employment was little more than a ruse because while employed by Lemon, in Lemon offices, on Lemon computers and on Lemon-owned cloud server accounts, during Lemon-paid business hours, and using Lemon IP, defendants simply plotted their exit to Xapo while devoting the majority of their time to developing Xapo products."

http://www.coindesk.com/lifelock-files-second-suit-against-xapo-founder/


Title: Re: [2016-09-22]New Lawsuit Filed Against Xapo Founder Wences Casares
Post by: Gahs on September 23, 2016, 04:41:31 AM
I just hope they settle it out of court and no one goes to prison. Law suits keep flying around the crypto community these days... I guess the same things happen in the fiat world.


Title: Re: [2016-09-22]New Lawsuit Filed Against Xapo Founder Wences Casares
Post by: Kprawn on September 24, 2016, 05:46:02 PM
I just hope they settle it out of court and no one goes to prison. Law suits keep flying around the crypto community these days... I guess the same things happen in the fiat world.

It's all about money my friend, nobody are going to prison. The unsuccessful companies will always look for a way to grab money from the

successful companies. The biggest law suits are still on the horizon, when these patents on Blockchain technologies are finalized and one

of them manage to patent something that the other are using. Get the popcorn, this is going to get nasty soon.  ::)