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ELMAGIN CAPITAL, LLC v. CHEN

CIVIL ACTION No. 20-2576.

555 F.Supp.3d 170 (2021)

ELMAGIN CAPITAL, LLC v. Chao CHEN, Karl Petty, Entergrid LLC and Entergrid Fund I LLC.

United States District Court, E.D. Pennsylvania.

Filed August 17, 2021.

Attorney(s) appearing for the Case

Robert S. Silver, Langer, Grogan and Diver, PC, Douglas Panzer, Manny D. Pokotilow, Caesar Rivise Bernstein Cohen & Pokotilow Ltd., Philadelphia, PA, for Elmagin Capital, LLC.

Nicole D. Galli, ND Galli Law LLC, Philadelphia, PA, for Chao Chen, Karl Petty, Entergrid LLC, Entergrid Fund I LLC.

MEMORANDUM OPINION

In this action for misappropriation of trade secrets and breach of contract, plaintiff Elmagin Capital, LLC claims that defendant Chao Chen, one of its founders and former employee, used its algorithmic trading strategies in wholesale electricity markets to develop and use...

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