Case: Trade Secrets/Pleadings (S.D.N.Y.)

BrandTransact Worldwide Inc. and its creator’s trade secrets misappropriation action against Brandometry LLC and others was dismissed by a federal district court in New York. BrandTransact claimed that Brandometry, Tenet Partners, and the Bacon Law Group conspired to steal its stock-index concept and strip its creator’s ownership in the company. The court dismissed with prejudice BrandTransact’s Defend Trade Secrets Act claim, finding that its creator lacked standing to sue, and that BrandTransact failed to show the existence of a trade secret. And the court declined to exercise supplemental jurisdiction over the remaining state law claims, which it dismissed without prejudice. ...