Auto-Repo Tech Cos. Hit Rivals With Antitrust Suit

Law360, New York (January 21, 2011, 4:04 PM EST) -- Automobile repossession technology providers MVConnect LLC and Recovery Manager Pro LLC have accused two rivals of costing them millions of dollars in existing and potential business by conspiring to stifle market competition for two key repo-industry tools.

Peter Spingola of Chapman Spingola LLP lodged the amended complaint in the U.S. District Court for the Northern District of Texas on Wednesday, claiming Recovery Database Networks Inc. and Digital Recognition Network Inc. have conspired to restrain the trade of recovery databases and automotive license plate recognition technology, two...
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