02-09-2010, 06:38 AM
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Join Date: Oct 2005
Posts: 9,510
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RedTube, WEG Settle Suit Over Leaked Trade Secrets
LOS ANGELES ? RedTube?s lawsuit against WEG has been settled, XBIZ has learned.
U.S. District Judge Jacqueline Nguyen signed off this morning on an order discharging claims and vacating further motions in the case that pitted two large adult brands over allegations of leaked confidential documents, poached business secrets and cybersquatting.
WEG?s counsel, Allan Gelbard, told XBIZ that he couldn?t comment on the case because terms of the settlement?s agreement, which was signed by both parties Friday, are confidential.
?All of the parties were pleased with the outcome,? Gelbard said.
Operators of RedTube.com in November filed a lawsuit against WEG, formally known as Web Entertainment Group Inc., claiming the company scooped up a number of RedTube domain names with the intention to divert and acquire its traffic and profits.
http://www.xbiz.com/news/117387
a fun read
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