Stream Recoups Legal Fees following Dismissal of Solavei Suit

Stream has received another favorable ruling in its legal dispute with former competitor Solavei. A Dallas District Court judge has awarded Stream hundreds of thousands of dollars in legal fees arising from a lawsuit brought by Solavei in January 2015, falsely claiming misappropriation of trade secrets.

Energy provider Stream launched mobile services in January, six months after backing out of merger talks with Seattle-based Solavei. Pointing to a confidentiality agreement signed by both companies, Solavei claimed senior Stream executives had used knowledge of Solavei’s technology, social marketing strategies, and other privileged information to roll out its mobile business.

A June ruling by Judge Craig Smith of the 192nd District Court dismissed with prejudice Solavei’s allegations against Stream. On Dec. 4, Judge Smith went a step further, awarding Stream $346,000 to cover legal expenses incurred by the company. Under the Texas Uniform Trade Secrets Act, a court may grant attorney’s fees to a prevailing party when, in cases such as Stream’s, claims of trade secret misappropriation are found to have been made in bad faith.

“Today’s court’s order resoundingly reinforces what we have insisted from the commencement of this dispute: that Solavei’s allegations were baseless and maliciously designed to interfere with the nationwide launch of Stream’s mobile business,” Mark “Bouncer” Schiro, Stream President and CEO, said in a statement. “With this final vindication, our Associates can rest assured that this lawsuit soon will be history.”

On the same day Stream recouped its legal fees, Solavei shuttered its mobile business. The company had filed a Chapter 11 bankruptcy in June 2014, amid talks with Stream. After Stream withdrew from the talks, Solavei merged with Netherlands-based Aspider, a mobile infrastructure and services brand; however, plans to restructure the business never came to fruition, and Solavei later announced it would discontinue its services as of Dec. 4, 2015.

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