Solavei: Court approves injunction against Stream in mobile service trade-secrets lawsuit

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Posted on: 2nd Feb 2015

Court approves injunction against Stream in mobile service trade-secrets lawsuit

DALLAS, Jan. 23, 2015 /PRNewswire/ -- A Dallas District Court judge today blocked Stream Energy from using proprietary technology and information to launch a new mobile phone service after social commerce leader Solavei sued Stream for stealing trade secrets gathered during extensive merger talks.

Seattle-based Solavei sought the injunction to halt Stream and its marketing arm, Ignite, from using trade secrets and other intellectual property in launching a mobile phone service sold through an online direct-marketing platform � exactly the type of social commerce business pioneered and continuously innovated upon by Solavei. Stream's mobile business was set to launch on Saturday, Jan. 24, 2015, at an event in Las Vegas.

"Without benefit of Solavei's confidential information and the guidance and explanation provided during due diligence, Defendants could not launch this new business � particularly not in a matter of months,'' the lawsuit states.