Free press releases distribution network?

More news: Software
Agency / Source: GroupWeb.Com

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Systrends, Inc. Fights Illegal Jury Verdict in Alabama - Systrends, Inc. Fights Illegal Jury Verdict in Alabama for the Right to Follow Open Industry Standards
Systrends, Inc. Fights Illegal Jury Verdict in Alabama

 

PRZOOM - /newswire/ - Tempe, AZ, United States, 2005/05/24 - Systrends, Inc. Fights Illegal Jury Verdict in Alabama for the Right to Follow Open Industry Standards.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On February 9, 2005, an Alabama jury delivered a multi-million dollar verdict in favor of Group 8760, LLC, against Systrends, Inc. and a former Systrends’ employee, Richard Brooks. Group 8760 LLC claimed breach of a covenant not to compete, contract interference and a violation of the Alabama Trade Secrets Act.

Systrends expects the verdict to be reversed on several grounds, including:

• No trade secrets of Group 8760 were used in Systrends’ software. Group 8760 could not identify a trade secret used by Systrends and an exhaustive analysis by an independent, nationally recognized electronic commerce software expert, found “no material likeness” between Systrends’ Transaction Bridge™ software and Group 8760’s InsideAgent® software.

The only commonality between the two products is that they both follow the Gas Industry Standards Board Electronic Delivery Mechanism (GISB EDM – now known as NAESB EDM) standards, an open industry standard published in the U.S. Code of Federal Regulations.

Group 8760’s case was geared to play to the passion and prejudice of the jury, which succeeded to the point that the jury disregarded the court’s instructions and returned a verdict not permitted by the law.

• The noncompetition contract was illegal. Richard Brooks was terminated by Group 8760 in August of 2001. Mr. Brooks’ employment contract contained a non-compete territory claim of “the entire world” which is illegal under Alabama law.

Group 8760’s lawyer conceded in post trial hearings that the verdict should be set aside.

David C. Darnell, President and CEO of Systrends, Inc. states that “Systrends, Inc. and its personnel did not take or use any trade secrets of Group 8760. If this jury verdict is allowed to stand, it threatens every current user and software company that utilizes the GISB/NAESB EDM standards. Systrends, Inc. is committed to its customers and the GISB/NAESB EDM software community and vows to continue the fight. We remain confident and assured that common sense and judicial prudence will prevail in the end. In all events, Systrends will continue to support its products and customers and meet all of its contractual obligations.”

Systrends Inc. is a Tempe Arizona based company founded in 1986 by David C. Darnell, currently President and CEO. Systrends has been a leading provider of electronic commerce and Electronic Data Interchange software, consulting, and services for almost 20 years. Its two flagship products for the energy industry, XMLbridge™ and Transaction Bridge™, are the leading electronic commerce solutions for secure Internet transport and electronic business transaction management.

Notes:
Transaction Bridge and XMLbridge are registered trademarks of Systrends, Inc.
InsideAgent is a registered trademark of Group 8760, LLC

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: GroupWeb.Com

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Systrends, Inc. Fights Illegal Jury Verdict in Alabama

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: David Johnson 
602.418.1353 david.johnson[.]systrends.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GroupWeb.Com securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From GroupWeb.Com / Company Profile


Read Software Most Recent Related Press Releases:

PROS Announces Plans to Showcase Revenue Management, Dynamic Pricing, eCommerce Solutions at IATA World Passenger Symposium
Noble SmartAccept® Receives 2017 Contact Center Technology Award
Infinera Auto-Lambda Radically Simplifies Distributed Access Architecture for Cable Networks
Ribeiro Selects Oracle Retail to Anticipate Demand and Gain More Omnichannel Agility
Splunk Acquires SignalSense
NAKIVO Announces Q3 2017 Results and Revenue Growth of 84%
IBM and Dream Payments Expand Payment Services on the Cloud to U.S. Financial Institutions
Oracle Financial Services Transaction Filtering Now Available
OneLogin Announces Real-Time Offboarding for Workday to Mitigate Risk of Company Data Theft
Altitude and Comways Announce AI-Powered Case Management for Omnichannel Customer Engagement

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  RightITnow Ltd

Visit  SKS Media | SKS Associates Ltd







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today