Nutanix Files Theft of Intellectual Property Lawsuit Against Tessell, Inc. [Yahoo! Finance]
Nutanix, Inc. - Class A (NTNX)
Last nutanix, inc. - class a earnings: 2/26 04:02 pm
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Source: Yahoo! Finance
SAN JOSE, Calif., March 20, 2024 BUSINESS WIRE Nutanix (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced that it filed a lawsuit in the U.S. District Court in San Jose, alleging that Tessell, Inc. engaged in willful copyright and patent infringement, including theft of Nutanix's source code and intellectual property related to the Company's database service offering. As alleged in the Federal complaint, Tessell's founders include former Nutanix employees Bala Kuchibhotla, Kamal Khanuja, and Bakul Banthia. The complaint against Tessell alleges that, during their employment with Nutanix, these former employees covertly designed, built, demonstrated, and secured financing for the future Tessell product, using Nutanix source code, servers and other resources. The complaint alleges that they took Nutanix Era source code with them to Tessell, which used it. The complaint further alleges that they schemed to remove all indicia of Nutanix branding from their proto
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NTNX
Earnings
- 2/28/24 - Beat
NTNX
Sec Filings
- 4/11/24 - Form 4
- 4/10/24 - Form 144
- 3/25/24 - Form 4
- NTNX's page on the SEC website