Data Center Conference Producer CapRate Sues Competitor Bisnow (FB)
CapRate, a producer of data center industry conferences and other real estate-themed events, is suing one of its former employees and Bisnow, a competitor whom the former employee now works for, alleging that the employee has been using CapRate’s proprietary data to benefit Bisnow events. According to CapRate, top management of Bisnow (who deny the allegations) gave the employee, Adam Knobloch, the greenlight to use the data while fully aware that it may have been illegal and a breach of an agreement Knobloch had signed with CapRate. In a statement emailed to Data Center Knowledge, Bisnow representatives called CapRate’s allegations “baseless” and the lawsuit “without merit,” saying the plaintiff had “chosen litigation over competition.”