Federal Court Rules for Financial Technology Leader RVassets Ltd. on Trade Secret Misappropriation Claims Against Marex Capital Markets
CHICAGO, May 6, 2024 /PRNewswire/ --A Chicago federal court has cleared the way for trade secret misappropriation claims to proceed against Marex Capital Markets Inc. in a lawsuit filed by financial technology leader RVassets Ltd .
- CHICAGO, May 6, 2024 /PRNewswire/ --A Chicago federal court has cleared the way for trade secret misappropriation claims to proceed against Marex Capital Markets Inc. in a lawsuit filed by financial technology leader RVassets Ltd .
- Marex Capital Markets, along with employee Jason Margiotta and former employee David Hoffman, faces claims for misappropriating trade secrets relating to RVassets' industry-leading technology for algorithmic pricing and execution of listed options.
- In an order issued on May 2, the U.S. District Court for the Northern District of Illinois found that the trade secret misappropriation claims could proceed.
- "RVassets has built its business around its valuable trade secrets, and we are pleased that the court agreed that its trade secret misappropriation claims should now move forward."