Stream Wins Legal Case Brought by Solavei

Stream announced that a 192nd District Court judge located in Dallas, Texas dismissed with prejudice a lawsuit filed against Stream by Solavei LLC during January 2015.

Solavei had alleged in the suit that it was "self-evident" that Stream was using confidential information obtained from prior merger discussions between the companies in Stream's launch of mobile phone services.

Stream said that 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," Stream said

"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 alleged