Marketwire takes PR Newswire to court

Marketwire has sued PR Newswire for $25 million, accusing it of stealing its technology.

Marketwire has sued PR Newswire for $25 million, accusing it of stealing its technology.

Marketwire claims PR Newswire hired Shoeb Ansari, its former CTO, as part of “a continuing campaign to steal its technology and gain access to customer data,” according to a Reuters report. David Mariai, Vinh Ngo, and Darren Tarachan, who resigned from Marketwire to join PR Newswire this month, are also reportedly named as defendants in the case.

The suit also seeks a permanent ban on any use or disclosure of confidential business information and trade secrets.

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