Protecting Innovation: Winning a Licensing Battle in Crypto Trading

About case

A fintech startup was sued by a competitor for alleged breach of a licensing agreement involving proprietary algorithms for cryptocurrency trading, with claims seeking $12 million in damages. The dispute hinged on ambiguous contract terms and
accusations of trade secret misappropriation. Our team secured a dismissal through
summary judgment by proving the claims were time-barred and lacked evidence
of intentional misconduct.

Success Methods Used

Our team began by filing early motions to dismiss, strategically applying New York contract law to highlight ambiguities that favored our client. At the same time, we conducted thorough digital forensics to demonstrate the independent development of the technology, effectively undermining the basis of the plaintiff’s allegations. To further strengthen the defense, we brought in expert witnesses in artificial intelligence, whose testimony dismantled the credibility of the opposing claims. Finally, through carefully managed mediation, we secured a settlement that not only resolved the dispute but also included a licensing agreement, creating a pathway for our client’s expansion into the IoT market.