CHICAGO, March 7, 2016 /PRNewswire/ -- Direct Media Power, Inc., one of the largest liquidators of unsold media in the U.S., has filed a Complaint for Injunctive Relief and Damages against Opticonversion, LLC and its Principals, David DeFranzo, and Scott Termini (case number: 2016CH000035).
Direct Media Power, through its attorneys, Wessels Sherman Joerg Laverty Seneczko P.C., on January 11, 2016, had filed for Injunctive Relief and Damages on seven counts against Defendants Opticonversion, LLC and its Principals Scott Termini and David DeFranzo.
Direct Media Power, Inc. having built the largest privately owned liquidator of media through significant investments of time and financial resources in development of proprietary technologies, trade secrets, and deep industry and client relationships critical to the ongoing operations and prosperity of the business, had employed David DeFranzo as Chief Operating Officer, and Scott Termini as Senior Account Executive, both with significant, privileged, and intimate operating and trade secret knowledge, client relationships, and fiduciary responsibility to the organization.
Upon abrupt resignation from Direct Media Power, Inc., the Defendants started Opticonversion, LLC, as a direct competitor to Direct Media Power.
The Complaint alleges that the Defendants, while still employed at Direct Media Power, Inc., conspired and acted to create significant financial hardship for Direct Media Power, Inc. through their improper business practices with industry partners, and improperly leveraged their privileged access to trade secrets, proprietary technologies, and industry and client relationships to develop their business plan for, start and rapidly grow Opticonversion, LLC, once resigned from Direct Media Power, Inc.
The suit alleges the Defendants, having begun operating under the Opticonversion, LLC, were able to compete unfairly and cause substantial loss of business to Direct Media Power, Inc. through disclosure of proprietary pricing information and dissemination of inaccurate financial information which disrupted business-critical industry and client relationships.
The suit seeks injunctive relief as well as compensatory damages from all Defendants named in the complaint.
About Direct Media Power
Direct Media Power, Inc. (DMP) is one of the nation's largest privately owned liquidator of commercial media. Direct Media Power specializes in providing its clients with access to unsold liquidated media at low rates, creative production, teleservices, and analytics which is unique in the industry. http://directmediapower.com
For more information about this topic, contact Jennifer Murphy, Esq. at 630-377-1554 or email at firstname.lastname@example.org.
SOURCE Direct Media Power, Inc.