Favorable resolution in trade-secret misappropriation dispute
We successfully blocked plaintiff’s attempt to secure injunctive relief before negotiating a favorable settlement
Davis Polk defended Indigo Risk Retention Group, an AI-powered professional liability insurer, and its parent company Rubicon Founders. The Doctors Management Company (DMC), a competitor of Indigo, sued for trade-secret misappropriation and tortious interference, alleging that Indigo and Rubicon hired away former DMC employees who stole trade secrets.
DMC sought a temporary restraining order and preliminary injunction (TRO/PI). Within six days of being hired, the Davis Polk team conducted interviews, reviewed documents, and drafted a TRO/PI opposition and motion to dismiss. The court denied the TRO/PI, which ultimately caused the matter to resolve for a pittance.
The Davis Polk team included Ashok Ramani and James Y. Park. All members of the Davis Polk team are based in the Northern California office.