Stream announced yesterday that Judge Craig Smith of the 192nd District Court located in Dallas, Texas dismissed with prejudice the lawsuit filed against Stream by Solavei LLC in January 2015.
More particularly, the court granted Stream’s motion for summary judgment and thereby found that Solavei had no evidence whatsoever to support its groundless allegations for breach of contract, theft of trade secrets or conspiracy arising out of the launch of Stream’s mobile phone business. The court’s order granting the summary judgment effectively clears Stream of Solavei’s allegations that Stream used Solavei’s proprietary information to launch its own mobile offering.
“The court’s order completely vindicates our unwavering position that Solavei’s claims were, frankly, preposterous. Our mobile offering was launched without the use of any Solavei proprietary information and we’re proud of its success to date.
We can now move on from this unfortunate matter with our company’s reputation cleared of any hint of wrongdoing,” said Mark “Bouncer” Schiro, president and CEO, Stream.
While Solavei’s claims against Stream are now dismissed, Stream will pursue its own counterclaims against Solavei and two of its corporate officers – CEO Ryan Wuerch and General Counsel Rick White – for charges of defamation and tortious interference with Stream’s business.
Stream (Stream Energy), headquartered in Dallas, Texas, is a leading nationwide provider of services that people use daily, including Energy Services, Mobile Services and Protective Services. Stream innovated the energy market in 2005 by applying a direct selling model to energy, generating more than $7 billion in total revenue in just ten years. Stream is consistently ranked as a top direct selling company globally, providing its Independent Associates with the opportunity to earn additional income.
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