Qualia accuses title startup Settlor of stealing trade secrets

General News

Summary

In the complaint, Qualia states that is reached out to Myers on Sept. 1, 2023, to remind her of her agreement to keep any confidential information and trade secrets private, which it says she ignored. Nearly two months later, in late November 2023, Qualia said that it found forensic proof that Myers had stollen intellectual property and trade secrets. In the letter, Qualia asks Myers and Settlor to disclose and return the allegedly stolen data and it cautioned them against deleting or altering the files. “Based on the facts currently known and in connection with its ongoing investigation, Defendants Myers’ and Settlor’s actions were not inadvertent, but rather intentionally and willfully undertaken as part of a larger plan, to quickly build a competing product by cutting corners and illegally using stolen Qualia data to do it,” the complaint states. We believe this lawsuit will reveal the full extent of the confidential materials taken, and the breadth of the improper use by Settlor and Ms. Myers once she began working at Settlor.” The defendants in the suit did not return a request for comment.

Classifications

industries
Fintech & Banking
applications
Collaboration & Communication

AskAI Classifications

Labels
SaaS Real Estate Software Workflow Automation

Linked Companies

Qualia
$10M to $25M