TF Global Markets (Aust) Limited and ACG Management Solutions LLC (collectively, “ThinkMarkets”) and James Sorenson, who are embroiled in a trade secrets lawsuit in the United States, have provided a status update to the Illinois Northern District Court.
According to the Joint Status Report, filed on August 12, 2021, and seen by FX News Group, the parties have agreed on discovery stay.
ThinkMarkets informs the Court that it has decided to agree to the stay of all discovery pending the Court’s ruling on Sorenson’s Motion to Dismiss.
The plaintiffs note that they do not agree to stay third-party discovery only and oppose a partial stay. They will agree to a full stay pending the outcome of Sorenson’s motion to dismiss, which is precisely the relief Sorenson requested and has pursued for over three months.
Let’s recall that James Sorenson was employed by ThinkMarkets from December 14, 2015 through October 2, 2020, when he resigned to join IS Risk.
ThinkMarkets alleges that prior to his departure from ThinkMarkets, Sorenson exceeded his authorized access to ThinkMarkets’ computer systems and misappropriated ThinkMarkets’ trade secrets and confidential data for use at IS Risk. Also, ThinkMarkets alleges that, by virtue of his new position at IS Risk, his conduct at the time of his departure, and other facts pertinent to Sorenson’s departure and his new role at IS Risk, Sorenson has and/or will inevitably disclose ThinkMarkets’ trade secrets to IS Risk.
ThinkMarkets also claims that, for the benefit of IS Risk and to harm ThinkMarkets, Sorenson converted confidential data and communications divulging, among other things, sensitive litigation strategies and corporate practices. Sorenson is also accused of deleting an IT repository without authorization to cause harm to ThinkMarkets prior to his departure.
As FX News Group has reported, Sorenson denies each of ThinkMarkets’ allegations and has moved to dismiss the complaint. In particular, Sorenson denies that he converted anything or ever improperly accessed any data, systems, communications, or any other material.
The principal factual issues at this point are:
- Whether Sorenson removed from and possessed any information belonging to ThinkMarkets after his resignation, and if so, whether such information is confidential, proprietary, or constitutes trade secrets.
- Whether Sorenson exceeded his authorized access in order to obtain ThinkMarkets’ confidential information.
- Whether Sorenson has disclosed ThinkMarkets’ privileged, confidential, and other protected information to IS Group or otherwise.
- Whether and when Sorenson improperly deleted any confidential, proprietary, or trade secret information belonging to ThinkMarkets in his possession.
- Whether ThinkMarkets suffered any damages as a result of any of Sorenson’s alleged conduct.
ThinkMarkets potentially seeks injunctive relief prohibiting Sorenson from using or disclosing ThinkMarkets’ confidential and trade secret information and an award of compensatory damages, double damages for willful misappropriation of trade secrets, punitive damages, costs, and attorneys’ fees. ThinkMarkets estimates its damages to exceed $500,000.
medicine in mexico pharmacies: cmq mexican pharmacy online – best online pharmacies in mexico
buying from online mexican pharmacy
http://cmqpharma.com/# mexico drug stores pharmacies
pharmacies in mexico that ship to usa
mail order pharmacy india: reputable indian online pharmacy – buy prescription drugs from india
best india pharmacy buy medicines online in india Online medicine order
https://indiapharmast.com/# online pharmacy india
mexican rx online: mexican rx online – mexican online pharmacies prescription drugs
cheapest online pharmacy india: top 10 online pharmacy in india – best india pharmacy
online pharmacy india: indian pharmacies safe – online shopping pharmacy india
http://canadapharmast.com/# canadian family pharmacy
reputable canadian online pharmacies: canadian pharmacy mall – online canadian pharmacy
rate canadian pharmacies canadian mail order pharmacy onlinecanadianpharmacy
best online pharmacies in mexico: mexican rx online – purple pharmacy mexico price list
indian pharmacies safe: online shopping pharmacy india – top 10 pharmacies in india
mexican mail order pharmacies: pharmacies in mexico that ship to usa – mexican pharmaceuticals online
reputable mexican pharmacies online mexico pharmacy mexican drugstore online
https://indiapharmast.com/# best online pharmacy india
canadian pharmacy 24h com safe: onlinecanadianpharmacy – prescription drugs canada buy online
http://ciprodelivery.pro/# ciprofloxacin mail online
https://amoxildelivery.pro/# amoxicillin discount coupon
doxycycline 631311: doxycycline 75 mg cost – doxycycline 400 mg tablet
http://doxycyclinedelivery.pro/# online doxycycline prescription
paxlovid price: paxlovid buy – paxlovid covid
http://amoxildelivery.pro/# amoxicillin 500mg capsules antibiotic
https://doxycyclinedelivery.pro/# buy doxycycline 100mg pills
can i order generic clomid online: where can i buy clomid – buy cheap clomid price
https://ciprodelivery.pro/# ciprofloxacin mail online
https://amoxildelivery.pro/# can you buy amoxicillin over the counter in canada
buy paxlovid online: paxlovid pill – paxlovid india
http://ciprodelivery.pro/# cipro ciprofloxacin
cipro ciprofloxacin: cipro – ciprofloxacin mail online
http://amoxildelivery.pro/# where can i get amoxicillin 500 mg
can you buy generic clomid without a prescription: cost of cheap clomid tablets – get generic clomid without dr prescription
where buy generic clomid no prescription: buy generic clomid – buy cheap clomid prices