Broker Genius Wins Breach of Contract Case and Unfair Competition Claims
Manhattan, New York – A jury of eight men and women in the Southern District of New York ruled 8-0 in favor of Broker Genius, the pioneer of dynamic automated pricing technology in the secondary ticket market. Immediately following the jury’s verdict, the Honorable District Court Judge Sydney H. Stein, ordered that Drew Gainor and Seat Scouts LLC must continue to cease operating the Command Center product and that they must refrain from making the product available to the market.
The jury concluded that Gainor was liable for breaching his contractual obligations by improperly creating a derivative product from Broker Genius’ Autopricer v3. On this count, the jury awarded Broker Genius $3 million in damages.
Additionally, the jury found Gainor and Seat Scouts liable for unfair competition based on their misappropriation of Broker Genius’ labor, skills, and expenditures in developing Autopricer v3. The jury awarded Broker Genius $1.5 million in damages on this count.
The jury verdict follows the preliminary injunction that was awarded to Broker Genius in May 2018. It also follows the Court’s ruling that found Seat Scouts and Drew Gainor in contempt of court for violating the preliminary injunction order.