Good news for Sequoia
Two months ago Sequoia Capital, and a couple other investors, funded a startup called NetPickle, the founders were accused of intellectual property theft by their former employer (Iconix).
Now Gigaom reports both parties have agreed to settle:
Widget-maker Netpickle has been involved in a legal tussle with anti-phishing company Iconix, which is the former employer of Netpickle co-founders Lance Tokuda and Jia Shen. Now both companies say they have reached a tentative settlement.
Both Netpickle and Iconix confirmed the settlement existed...
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