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AllRounds Can Pursue Software Trade Secret, Patent Claims

July 15, 2021, 9:57 PM

AllRounds Inc. can press forward with a lawsuit accusing venture capital firms of stealing secret information related to its software platform and handing them over to one of their portfolio companies, rival Carta Inc., a California judge ruled.

Judge Vince Chhabria in the U.S. District Court for the Northern District of California said AllRounds plausibly alleged trade secret misappropriation against Silicon Valley venture capitalist Tim Draper’s Draper Associates LP, other firms, and Carta.

Chhabria also refused to dismiss patent infringement allegations against Carta. But the judge said he was skeptical that AllRounds’ patents are valid because they appear to cover ...