Facts

Plaintiff United Housing Services Inc. sued defendants Aklero Risk Analytics Inc. and LoanLogics Inc.

The parties are in the business of quality assurance for companies that make loans, among other things.

PLAINTIFF'S CONTENTIONS:
Plaintiff contended that based on discussions about a possible merger with Aklero Risk Analytics, it allowed Aklero Risk Analytics, who later merged with LoanLogics Inc., to examine its business operations, meet with its employees, and otherwise obtain access to information it would not otherwise have shared, and that this information was protected because of a non-disclosure agreement that the parties signed.

Plaintiff alleged that in violation of the non-disclosure agreement, and in violation of various other legal obligations, defendants Aklero Risk Analytics and LoanLogics took and used confidential and proprietary business information, and with it Aklero Risk Analytics and LoanLogics were able to take employees, employees, clients, and valuable information that could be used in Aklero Risk Analytics and LoanLogics' operations.

DEFENDANT'S CONTENTIONS:
Aklero Risk Analytics and LoanLogics denied that plaintiff allowed them to examine its business operations, or otherwise obtain access to information plaintiff would not otherwise have shared. They also denied that they took and used plaintiff's confidential and proprietary business information to take employees, clients, or valuable information that could be used in defendants' operations. Finally, they denied that they breached the terms of the non-disclosure agreement or engaged in any other unlawful conduct.

Settlement Discussions

Plaintiff demanded $1.5 million. Defendants offered $5,000 and a waiver of attorney fees and costs.

Damages

Plaintiff claimed lost profits of $9,177,464.

Result

Defense verdict.

Other Information

FILING DATE: Oct. 17, 2013.

Deliberation

one day

Length

12 days