Razorsight Pays $4.5M To Settle Software Theft Suit

Law360, New York (May 21, 2008, 12:00 AM EDT) -- Conceding the charges against it, Razorsight Corp. shelled out $4.5 million to rival technology company Teoco Corp. to settle a lawsuit accusing Razorsight's founder, a former Teoco employee, of stealing and using Teoco's computer software.

Judge Claude M. Hilton of the U.S. District Court for the Eastern District of Virginia entered judgment in favor of Teoco on all the claims it brought against Razorsight, including willful infringement of copyrighted software, breach of contract and violation of the Federal Computer Fraud and Abuse Act.

Fairfax, Va.-based Teoco...
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