What makes this case weird is that CCBN.com's cofounder, Jeffrey Parker, had a long and amiable relationship with Thomson.
In late July CCBN.com, a web-based communications company that handles investor relations, filed suit against Thomson, the Canadian information-services giant.
Thomson, CCBN and Shareholder.com are the major providers of corporate IR services.
In late July CCBN.com , a Web-based communications firm that handles investor relations, filed suit against the Canadian information services giant Thomson Corp.
What makes this case weird is that CCBN.com's cofounder Jeffrey Parker had a long and amiable relationship with Thomson (nyse: TOC - news - people ).
Businesswire offers its clients a suite of multimedia products served by CCBN, a five-year-old company founded by Jeff Parker --somewhat of a pioneer in making a business from investor demand for vital corporate information.
That has even boiled over into a lawsuit by CCBN, alleging that Thomson, the first investor in CCBN, used its board positions to pick off business plans and technology that CCBN had been planning to launch.
Can Thomson, a corporate entity, be held liable as a board member? (Thomson withdrew its last board member in April.) CCBN's lawyers will argue that it can, since Thomson "deputized" individuals to represent it on the board.
Can Thomson, a corporate entity, be held liable as a board member? (The company withdrew its last board member in April.) CCBN's lawyers will argue that it can, since Thomson "deputized" individuals to represent it on the board.
Seeking treble damages, the suit accuses Thomson of using its two CCBN board seats to steal confidential information--including pricing data and competitive analysis--that helped it create a rival service, and of hiring people who had confidentiality agreements with CCBN.
Following the implementation of RegFD in the fall of 2000, Boston-based Corporate Communications Broadcast Network (CCBN), Boston's Thomson Financial , a unit of Toronto-based media giant Thomson (nyse: TOC - news - people ), and Maynard, Mass.
Seeking treble damages, the suit accuses Thomson of using its two seats on CCBN's board to steal confidential information--including pricing data and competitive analysis--that helped it create a rival service and of hiring people who had confidentiality agreements with CCBN.
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