In a much-needed win for Quibi, a judge has denied an injunction that would have forced the company to disable its signature “Turnstyle” feature. Eko, a New York-based video company, fi…
in March alleging that Quibi stole its trade secrets to develop the video-switching feature.
“We are extremely pleased the Court ruled today that Eko has not presented a credible case for a preliminary injunction,” a Quibi spokesperson said in a statement. “Eko has no case against Quibi — this is a frivolous lawsuit brought by a company and CEO looking for a payday. We will continue to aggressively defend ourselves.”
Eko also alleges that it shared the details of its technology with employees at Snap, while exploring a partnership with that company. Three Snap employees subsequently left to join Quibi, and two of them were listed on Quibi’s patent applications for Turnstyle. Eko alleges that the two employees appropriated its trade secrets, which had been protected by a non-disclosure agreement.
Eko asked for an injunction that would force Quibi to disable the Turnstyle feature, arguing that Quibi’s theft of its trade secrets had damaged its business prospects. Quibi’s attorneys argued that the company would suffer “immense harm” if forced to disable the feature.
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