Entertainment & Sports,
Corporate
Dec. 20, 2023
Endeavor defeats claim its $10B IPO strategy was stolen
"We are pleased with the court's decision granting summary judgment in favor of our client, Endeavor, holding plaintiff's idea theft claims absolutely meritless," said Latham & Watkins partner Jessica Stebbins Bina.
A Los Angeles judge granted summary judgment to a sports and entertainment firm against a plaintiff who claimed that the company's $10 billion initial public offering was based on his stolen intellectual property.
Attorneys with Latham & Watkins successfully argued that the plaintiff's analysis was unsolicited and did not factor into the valuation of Endeavor Group Holdings Inc.
"We are pleased with the court's decision granting summary judgment in fav...
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