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Stock impact report

Luxor sues Giga and former employee for alleged poaching, client theft [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
Energy, alleging ‘systematic' employee poaching and client interference leading to loss of business. Per the complaint filed on January 30 in the U.S. District Court, Western District of Washington (Seattle), Luxor says that Giga poached two of its employees, Collin Kelly and Aaron Foster, and alleges the company purposely directed them to leverage their prior business relationships for Giga's business despite this being in violation of the Luxor employee contracts. Luxor alleges it lost multiple clients to Giga through the efforts of its poached employees. The client names are redacted from the filing. Similarly, Luxor is suing Aaron Foster for allegedly downloading contact information on 170 Luxor clients for use in Giga business development. The suit claims that Foster downloaded the client list on November 3, 2025, shortly before joining Giga at the end of December of the same year. Shortly thereafter, Foster began contacting Luxor clients “in an effort to divert their busines Show less Read more
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