Vam
Member
I've been involved in settlements before involving the development of software. I'm a developer. Typically, when two parties enter into settlement negotiations, there is a gag order invoked between the two parties in order to keep things moving along behind closed doors. I suspect this is what is likely going on here. A court room battle will likely last years, the software industry will have produced another solution during the time, and the developers will likely go bankrupt trying to battle IB. No one gains anything.
Now this isn't to say a settlement is a bad thing. The developers here may actually be seeking damages against IB for falsely accusing them of something and hurting their products. The developers likely signed NDAs and other legal documents that IB is using to claim what they are claiming. Depending on the wording of those documents.
Now this isn't to say a settlement is a bad thing. The developers here may actually be seeking damages against IB for falsely accusing them of something and hurting their products. The developers likely signed NDAs and other legal documents that IB is using to claim what they are claiming. Depending on the wording of those documents.