Nasdaq Private Market Alleges Rival Hiive Stole Technology (1)

Trading platform Nasdaq Private Market alleged that its Vancouver-based competitor Hiive has stolen trade secrets and infringed on its intellectual property in a lawsuit.

The suit, filed Tuesday in Manhattan federal court, adds new allegations of trade secrets to a previous patent dispute against Hiive. According to NPM, Hiive poached two of its staff in part to access confidential information about its operations.

“These claims are without merit and designed to intimidate, and we’ll defend ourselves vigorously,” Hiive said in a statement. “We’re proud that talented people choose to build their careers here, and our focus is on the clients ...