Payment Co. Seeks Fees From Rival After $5.7M IP Trial Loss

Law360 (March 20, 2020, 7:58 PM EDT) -- Software company iControl Systems USA LLC is seeking an award of $312,000, or 50% of attorney fees and costs, after a successful summary judgment ruling over Financial Information Technologies on four of eight counts in a trade secrets case, though it lost at trial on one of the counts.

IControl, which competes with Financial Information Technologies, also known as Fintech, as a provider of electronic payment services to the beverage industry, said it will file a motion for new trial by April 2.

In a Thursday filing in the U.S. District Court for the Middle District of Florida, iControl outlined the...

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