Razorsight Lawsuit

TEOCO Receives $4.5 Million from Razorsight Lawsuit
FAIRFAX, Va, May 20, 2008 -- A court order entered in favor of TEOCO has brought to a close a suit against Razorsight for use of TEOCO's stolen intellectual property (see final court order). As part of the order entered in the United States District Court for the Eastern District of Virginia, Razorsight Corporation, and other defendants, admitted liability on all of the claims filed against them (see Shital Sanghavi's Objections and Responses). The settlement includes a $4,500,000 payment, an injunction from Razorsight making any further use of any TEOCO intellectual property, and a future audit. As part of the court ordered injunction, Razorsight is required to extricate the stolen TEOCO intellectual property from all existing systems being used by its clients by September 1, 2008.
 
          Court Documents
          Final Order
          Shital Sanghavi's Objections and Responses
          Sundeep Sanghavi's Objections and Answers
          Third Amended Complaint
          Memo in Support of Motion