On October 21, 2013, Yardi Systems, Inc. filed a lawsuit in federal court in Los Angeles against Property Solutions International, Inc. The lawsuit was filed to protect our intellectual property. It alleges that Property Solutions infringed on Yardi’s copyrights, misappropriated Yardi’s trade secrets, and intentionally interfered with certain of Yardi’s customer contracts. The Complaint fully explains our claims and the Introduction provides a brief overview of the case.
We will continue to work with Property Solutions for the benefit of our mutual clients.