ARLINGTON, Va. - The legal battle between Digital Insight and FundsXpress is far from over. Austin based FundsXpress, a $12 million company, sued $95 million Digital Insight, based in Calabasas, California, for almost $80 million, claiming that one of its employees was also an employee of Digital Insight. The suit charged that the employee, Grifford Dunn, shared employers for two weeks and sent confidential FundsXpress information, via email, to a sales supervisor at Digital Insight. The information allegedly included sales information and but not source code for software products. The new lawsuit follows on the heels of another settlement, in April, which involved Dunn turning over to FundsXpress copies of the e-mails he had sent. The revelations in the released email may have triggered the second suit. The suit is tentatively supposed to go to trial in December 2003.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the July-31, 2002 issue of Credit Union Times Magazine • Subscribe!
Corporate spying alleged in CU vendor fight
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!
Comments
Resource Center
View All »
Measure and Monitor the Risks and Opportunities in Loan Portfolios
Get a complimentary demo of our loan portfolio analytics and access to the white paper,...
