Ari Emanuel & Endeavor Victorious In IPO Intellectual Property Theft Suit – Update

deadline.com:

UPDATE, 5:43 PM: Ari Emanuel has received an early Christmas present courtesy of a LA Superior Court judge.Peeved at Wall Street, the Endeavor CEO may be evaluating “strategic alternatives” for the currently publicly traded entity but at least he won’t have to go to mattresses over “theft of …intellectual property” allegations out of the company’s eventual IPO in 2021.A December 15 unsealed ruling by Judge Gregory Keosian rejected any notion by plaintiff David Carde that there was “a valid implied-in-fact contract between himself and Endeavor over analysis and marketing strategies the consultant sent to the company unsolicited almost four years ago. “Mr.

Carde is entitled to be recompensed for Endeavor’s unjust enrichment in an amount to be proven at trial,” declared his Early Sullivan Wright Gier & McRae LLP lawyers in their initial complaint of March 2022.

Slamming the door shut on the matter, Judge Keosian wrote back in August that no reasonable person could conclude that there are any material similarities between plaintiff’s Essay and the Endeavor IPO materials that plaintiff claims relied on it.” He added” To the contrary, none of plaintiff’s unique concepts appear in any of Endeavor’s materials, and every single idea plaintiff claims was ‘stolen’ was actually made public by Endeavor long before plaintiff even wrote the Essay.

Summary judgment accordingly must be entered in favor of Endeavor”  Case closed.“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,” Latham & Watkins partner Jessica Stebbins Bina said in a statement to Deadline today. “As the court recognized, Endeavor does not accept unsolicited