Pharma software company Veeva beats back Medidata trade secrets lawsuit

Federal court docket at 500 Pearl Road is seen in Manhattan, U.S., June 20, 2020. REUTERS/Caitlin Ochs

(Reuters) – Veeva Methods Inc on Friday persuaded a choose to throw out a lawsuit by pharmaceutical computer software rival Medidata Methods Inc alleging it stole trade techniques worthy of hundreds of tens of millions of bucks, representatives for the businesses claimed.

Medidata sued Veeva in Manhattan federal court docket in 2017 for allegedly acquiring insider secrets about its solutions, buyers and company approach by poaching a number of of its staff members. The lawsuit stated Pleasanton, California-based Veeva employed the info to produce competing software for controlling scientific drug trials.

Medidata had questioned for as considerably as $450 million in damages in the course of a demo that began Monday, according to Veeva’s legislation firm Keker, Van Nest & Peters. U.S. District Decide Jed Rakoff granted Veeva’s request to close the trial just before the case could attain a jury.

A Medidata spokesperson mentioned the company was “let down not to have a jury decide the scenario” and is considering an attractiveness.

Veeva’s direct lawyer Khari Tillery claimed in a assertion that the firm was “grateful to the Court docket for recognizing that no a person at Veeva stole just about anything, and that no Medidata trade secrets and techniques were being ever employed to build Veeva’s incredibly prosperous cloud application.”

Further particulars on the ruling were being not right away offered.

New York-dependent Medidata is a subsidiary of French computer software corporation Dassault Systèmes SE.

Veeva has separately sued Medidata and other folks in California state court for putting allegedly unfair competition limitations on their workforce. That case is nevertheless ongoing.

The case is Medidata Methods Inc v. Veeva Programs Inc, U.S. District Court for the Southern District of New York, No. 1:17-cv-00589.

For Medidata: Claudia Ray and Jason Wilcox of Kirkland & Ellis

For Veeva: Khari Tillery of Keker, Van Nest & Peters

Read a lot more:

Judge would not toss program firm’s poaching, trade insider secrets claims

Calif. program business claims out-of-state rivals’ non-competes unlawful

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