Wences Casares, CEO of Xapo, a bitcoin wallet and storage start-up, is being sued by the firm that acquired his last company, Lemon. In a real life scene from Silicon Valley (season II), LifeLock claims that Casares formed Xapo by “using a product developed by Lemon employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.”
LifeLock claims that Casares would go on to form Xapo by “using a product developed by Lemon employees, in Lemon’s facilities, on Lemon’s computers, and on Lemon’s dime.” Casares argues that LifeLock didn’t originally want any of Lemon’s bitcoin-related assets, and that he subsequently secured letters from a senior LifeLock executive to that effect.
https://fortune.com/2015/07/06/judge-fraud-case-vs-xapo-ceo-can-proceed/