ThinkMarkets Sues Former Employee for Data Theft

Arnab Shome reports:

TF Global Markets (Aust) Limited, the Australian unit of forex broker ThinkMarkets, has filed a lawsuit against its former employee James Sorenson over some serious allegations of data theft and distributing them to its rival.

The 31-page lawsuit filed at an Illinois court detailed that the former employee gained access to several confidential emails between the ThinkMarkets executives, “among other things,” and is suspecting that he had already or will share them with ThinkMarkets rival IS Group.

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