A lawsuit has been filed in Utah federal court by Human Interest, a 401(k) admin startup, against Guidewire, featuring accusations of corporate espionage.
"We are going to tear apart HI. It's going to be the easiest thing to do."
This quote is from a text message sent by Brandon Sterri to his brothers on January 29, according to the complaint. At the time, Brandon and his brother Brian were still employed by Human Interest, while their third brother, Eirik, worked for the competition, Guideline.
The lawsuit alleges that the Sterri brothers engaged in systematic data theft, despite having access to confidential data and being reminded to protect it.
Author's summary: Corporate espionage claims emerge in lawsuit between 401(k) admin startups.