District Judge Dismisses Solavei Case against Stream

Admin   |   29 June, 2015   |   573   |   3980

A Dallas District Court judge has ordered a resounding dismissal of Solavei’s trade-secrets case against Dallas-based competitor Stream. Judge Craig Smith of the 192nd District Court dismissed with prejudice the lawsuit alleging that Stream had launched its mobile services using proprietary technology and information from Seattle-based Solavei.

Stream, an energy company that has expanded into other everyday services, launched Mobile Services by Stream in January, six months after backing out of extended merger talks with Solavei. Pointing to a confidentiality agreement signed by both companies, Solavei claimed senior Stream executives had used knowledge of Solavei’s technology, social marketing strategies, go-to-market plan and customer lists to roll out its mobile direct selling business.



Solavei aired its grievances in a statement issued the day before Stream’s mobile launch in January, prompting the company to obtain a temporary restraining order prohibiting further disparaging remarks by Solavei.

 

Back in June 2014, while in talks with Stream, Solavei filed a Chapter 11 bankruptcy and announced that services would continue uninterrupted as its business underwent restructuring. After Stream terminated the transaction, Solavei went on to merge with Aspider, a Netherlands-based mobile infrastructure and services brand.

 

The court granted Stream’s request for a summary judgment on Wednesday, ordering a dismissal that prohibits Solavei from filing another lawsuit on the same grounds. In a statement, Stream said it will pursue counterclaims against the mobile brand and two of its top executives, CEO Ryan Wuerch and General Counsel Rick White, for defamation and tortious interference with Stream’s business.