News Explorer — Citadel Securities' Lawsuit Against Crypto Firm Portofino, Accused of Trade Secret Theft, Is Allowed to Proceed

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Nov 1, 8:22 am

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Citadel Securities' Lawsuit Against Crypto Firm Portofino, Accused of Trade Secret Theft, Is Allowed to Proceed

The U.S District Court in Manhattan has ruled that Citadel Securities' lawsuit against crypto-trading startup Portofino, created by former employees accused of stealing trade secrets, can proceed. The judge allowed Citadel's claims of breached employment contracts to move forward but dismissed claims involving a seed investor.

The U.S District Court in Manhattan has ruled that Citadel Securities' lawsuit against crypto-trading startup Portofino, created by former employees accused of stealing trade secrets, can proceed. The judge allowed Citadel's claims of breached employment contracts to move forward but dismissed claims involving a seed investor.

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