FOUNDER STARCOIN, INC., a California Corporation, Plaintiff, v. LAUNCH LABS, INC., a Canada Corporation doing business as Axiom Zen, Defendant., 2018 U.S. Dist. LEXIS 113737

Summary

• •Where plaintiff's slide deck described commoditizing entertainers through token offerings (a concept publicly disclosed in blockchain industry publications) and claimed trade secret of 'licensing digital collectibles' was not specifically disclosed in materials sent to defendant, plaintiff failed to establish valid trade secret ownership for preliminary injunction purposes.
• •Where defendant publicly disclosed plans to associate celebrities with CryptoKitties in October 2017 and began specific discussions about Stephen Curry licensing in January 2018 (before receiving plaintiff's February 2018 slide deck), defendant independently developed the concept and could not have misappropriated plaintiff's trade secrets.

• •Plaintiff sent slide deck to Defendant in February 2018 under mutual NDA describing token platform for entertainers.
• •Slide deck included mock-up with stock image of Stephen Curry.
• •Defendant publicly announced celebrity partnership plans in October...