PNC Bank, SRS Acquiom End Nearly 5-Year Litigation Over Misappropriated Trade Secrets With Settlement

Escrow agent SRS Acquiom and PNC Financial institution have reached a settlement to finish a years-long commerce secrets and techniques misappropriation litigation that began in 2019 and alleged that two former staff used confidential info at their new roles to assist PNC to compete with their predecessor.

Keker, Van Nest & Peters in San Francisco, California, represented the Denver-based SRS within the case, asserting January 16 they settled with the financial institution. The go well with was initially filed within the U.S. District Court docket of Colorado.