ASX LNW: Aristocrat rival Light and Wonder says it did not steal trade secrets for dragon game Dragon Link

Poker machine manufacturer Light & Wonder has accused its major rival of trying to compromise the launch of its new dragon-themed game, claiming an attempt to secure confidential documents through the courts is based on speculation rather than fact.

“Rather than competing on an even playing field … Aristocrat has contrived baseless legal claims in multiple jurisdictions coinciding with the release of L&W products in an effort to tarnish … product rollouts and drive customers away,” documents filed in Nevada allege.poker machine game to the Australian market last August. Within a month, Aristocrat sent a series of letters to Light & Wonder alleging trade secrets had been shared.

Light & Wonder, which is listed on the Nasdaq and ASX, says it conducted a voluntary search of its staff and internal systems for breaches of trade secrets and found no confidential documents. But in December, Aristocrat pushed ahead and filed a case in the Australian Federal Court for discovery.

In documents filed in Nevada, Aristocrat alleges its rival engaged in a campaign to copy the game and confuse customers with the launch of. It also claims its former employees, who now work for Light & Wonder, misappropriated trade secrets that violated laws in the US state of Nevada.“Aristocrat has suffered – and, absent prompt injunctive relief, will continue to suffer – injury in the form of lost money and market share ... lost goodwill and brand reputation ...

Light & Wonder shares are trading at $154.46 – down 0.2 per cent – in mid-morning. Aristocrat is trading at $46.60 each, down 0.6 per cent.covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian.

Source: Law Daily Report (lawdailyreport.net)

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