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Botched Release of Sci-Fi Thriller Sparks Lawsuit Over Distribution Deal

The article from The Hollywood Reporter discusses a lawsuit filed by Lumina, a company that provides digital asset management services, against its former CEO, Scott Grimes, and his new venture, Iconik. Lumina alleges that Grimes, along with other former employees, misappropriated trade secrets and confidential information to develop Iconik, which offers a competing product. The lawsuit claims that Grimes used Lumina's resources, including its customer list and proprietary software code, to give Iconik an unfair market advantage. Furthermore, Lumina accuses Grimes of breaching his fiduciary duties by planning his new business while still employed at Lumina. The legal action seeks damages and an injunction to prevent Grimes and Iconik from using Lumina's intellectual property. This case highlights issues of corporate espionage, non-compete agreements, and the protection of trade secrets in the tech industry.

Read the Full The Hollywood Reporter Article at:
[ https://www.hollywoodreporter.com/business/business-news/lumina-lawsuit-1236075135/ ]