Cryptocurrency firm Portofino wants a New York district court to dismiss a lawsuit lodged by Citadel Securities over alleged trade secrets.
wants a New York district court to dismiss a lawsuit lodged by Citadel Securities over alleged trade secrets.
"Faced with a lack of facts supporting its trade secret claims, Plaintiffs say that Lancia and Casimo cannot engage in any HFT market-making, no matter what instrument they trade, without necessarily stealing their trade secrets," Portofino's lawyer said."No matter how much Plaintiffs may wish it otherwise, they do not own their employees and their employees’ skills," the lawyer wrote in the filing.
If the New York court decides not to dismiss the case, they argue it should"stay it pending the outcome of the London arbitration." That arbitration is scheduled for May 2024, according to the filing.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
SEC claims Ceffu wallet provider is 'Binance-related' in motion against BAMThe U.S. Securities and Exchange Commission seeks a court order to inspect Binance.US.
Les mer »
Cboe CEO Resigns Over Undisclosed RelationshipsTilly is ineligible to receive a severance package exceeding $8.8 million, according to a securities filing.
Les mer »
Storm warnings recede as Lee blows through New England, Maritime CanadaAtlantic storm Lee — which made landfall at near-hurricane strength, bringing destructive winds and torrential rains to New England and Maritime Canada —...
Les mer »
Miami Dolphins vs New England Patriots Line MovementNFL line and odds movement for Miami Dolphins vs New England Patriots on Sep 17, 2023.
Les mer »
Miami vs New England Stats & Past Results - NFL Game on September 17, 2023Miami vs New England in NFL History: Check Past Results And Stats For Insights On The Game - September 17, 2023!
Les mer »
Luckless Japan to regroup after error-strewn England encounterJapan need to regain the cutting edge that made them surprise World Cup quarter-finalists four years ago, after their recent pool stage hot streak of seven straight wins ended with a 34-12 defeat to England in a scrappy affair in Nice.
Les mer »