Quibi Gets A Win In Turnstyle Technology Legal Battle; Eko’s Injunction Motion Denied
Jeffrey Katzenberg’s Quibi hasn’t had a lot of good news since its April 6, but today the courts gave the A-lister rich mobile streamer a boost.
“The Motion fails to make a sufficient showing of irreparable harm to Eko’s reputation and goodwill because of the technical implementation of Turnstyle that allegedly resulted from misappropriation of Eko’s claimed trade secret Mobile Device Optimized RTS,” ruled a federal judge today in the Meg Whitman run Quibi’s bare knuckles legal slap down with the Elliott Management-backed interactive-video company Eko.
With conflicting complaints fired off from both parties since late March, the JBF Interlude 2009 Ltd controlled company sought a motion for a preliminary injunction against Quibi and its much hyped Turnstyle function – which would have really cramped the struggling app’s style
“Having considered the parties’ arguments, the submission in support thereof, the Joint Report, and the transcript of the May 7, 2020 hearing, the Motion is DENIED,” declared Judge Christina Snyder in a heavily redacted order.
While Judge Snyder made no call on the merits of the actual lawsuit and the parties had a hearing on other matters earlier Monday, Quibi took what they got and ran it up the flagpole today.
“We are extremely pleased the Court ruled today that Eko has not presented a credible case for a preliminary injunction,” said a Quibi spokesperson on Monday afternoon. “Eko has no case against Quibi – this is a frivolous lawsuit brought by a company and CEO looking for a payday. We will continue to aggressively defend ourselves.”
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