Published on July 27th, 2015 | by bitcoin0
Wences Casares, CEO of Xapo, Takes LifeLock to Court
Wences Casares, the CEO of bitcoin company Xapo, has begun legal proceedings against online identity firm LifeLock in response to a suit filed by the company which alleged contract violations against him and several Xapo employees.
LifeLock acquired digital wallet company Lemon Inc, founded by Casares, for $42.6m in December 2013.
In August 2014, LifeLock filed a complaint against Casares and several Xapo employees, all of whom were employees of Lemon at the time of purchase.
In the complaint, LifeLock alleged that Xapo’s software and all related intellectual property was developed by Lemon employees, in Lemon’s facilities, using its computers and its resources.
The full cross-complaint can be found below:
LifeLock and Xapo Lawsuit