The Delaware Court of Chancery has dismissed a suit filed by a home security company that accused a private equity firm of stealing trade secrets through its investment in a competitor.
In a 25-page memorandum opinion, Vice Chancellor J. Travis Laster ruled on June 15 that Tysons, Virginia-based Alarm.com Holdings Inc. and Baltimore-based ABS Capital Partners had agreed as early as 2008 that ABS had the right to invest in competing firms, despite taking an earlier controlling stake in Alarm.com.
