According to Business Insider, the trade secrets litigation between Carlyle-backed alt-data firm Yipit and Jefferies-owned M Science has concluded, closing out a dispute between two of the sector's more prominent players. Trade secrets suits in the data industry often hinge on employee movement and methodology overlap, and their resolution can signal how aggressively rivals will compete for analysts and clients going forward.
Details on settlement terms or any court ruling were not specified in the available reporting, but the case's end removes a notable legal overhang for both firms.
The trade secrets legal battle between Carlyle-backed Yipit and Jefferies-owned M Science is over
