Software Co. Must Face Securities Suit Over AI Co. Sale

Law360 (September 10, 2019, 8:04 PM EDT) -- ​A Chicago futures trading software company and the former executives of an artificial intelligence company it acquired must face a shareholder suit claiming executive mismanagement drove down its sale price, an Illinois federal judge ruled on Monday.

In October 2017, Trading Technologies International Inc. bought the now-defunct Neurensic for $400,000.

Overwell Harvest Ltd. — a Neurensic shareholder and competing bidder — claims that, despite the technology being worth millions, the company was sold for far less because executives drove down its value. Overwell is suing the AI company's former CEO David Widerhorn and former chief operating officer Paul Giedraitis for breach...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Government Agencies

Judge Analytics