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Curious but one cannot copyright an idea. It also presents at minimum a marketing problem for TST if they want to argue in court that they have engineered their combine to be a profit center because the whole premise of the combine is that they are using it to find profitable traders and generate profits in that way. Not a lawyer but don't see anything coming of this really-- nothing good for TST. This sounds more like a scare lawsuit but OneUp is well backed, if reports are true. So I do not see it having any effect.
My 2 seconds analysis: basically it sounds like OneUp may have copied TST's website and also signed up for TST's program to figure out what they were doing. The website look and feel is much different though. And, the types of information that OneUp could gain from entering into TST's program would be generally public knowledge. It sounds like TST cross-referenced some of their customers and found that they were affiliated with OneUp.
@Big Mike
here's the PDF of the ruling by the judge.
From his Conclusion :
For the reasons stated herein, TopstepTrader’s Motion for a
Temporary Restraining Order [ECF No. 7] is denied. In so doing,
the Court expresses no opinion on the ultimate merits of
TopstepTrader’s case but merely finds that the company has not
met the burden to warrant the grant of the extraordinary remedy
of temporary injunctive relief.
Good there whole law suit was BS trying to prevent competition!!! We need a lot more competitors in the space so they can actually invest the money back to the traders ... keep removing stupid rules and funding people
Must evolve be more creative, I think some rules its the for Frainer the trader, it takes the important competition to allow the trader to choose the best for them, I made the pub has no company but important I think in future it will have other company
Let's settle this legitimacy debate. Although in order to test whether they will deliver on their promises I'll need to beat the evaluation, cross the withdrawal threshold of $1500 for this account and make another $1000. So $4000 overall.
I shall of course keep you guys updated in due course. Wish me luck!