New claims of corporate espionage have surfaced, involving two highly valued 401(k) admin startups.
A lawsuit filed by Human Interest against Guidewire in Utah federal court alleges systematic data theft and planted moles.
"We are going to tear apart HI. It’s going to be the easiest thing to do."
This text message, sent by Brandon Sterri to his brothers on January 29, is cited in the complaint.
According to the lawsuit, Brandon and his brother Brian were still employed by Human Interest at the time, with access to company-issued laptops and confidential data.
Their third brother, Eirik, worked for Guideline, the competing company.
The lawsuit, filed by a law firm in Salt Lake City, alleges that the Sterri brothers took action on their threats.
Author's summary: New corporate espionage claims emerge in 401(k) admin startups.