/// Pinterest Sued by Former Business Partner of Early Investor

December 28, 2012  |  All Things Digital

Pinterest has arrived at that special milestone for any successful start-up: The day you get sued by someone who says the whole thing was his idea. Theodore F. Schroeder of Ocean City, N.J., filed a lawsuit yesterday in New York district court, alleging misappropriation, unjust enrichment and breach of fiduciary duty against Pinterest and its early investor Brian Cohen. “The lawsuit against Pinterest is baseless and we will fight it aggressively,” a spokesman for Pinterest said today. Update : Schroeder’s attorney, Richard Scheff of Montgomery McCracken, emailed the following comment: ”The bottom line is that it’s illegal to steal an idea for your own benefit without regard to the originator of that idea. Here, Mr. Cohen joined an existing enterprise in which Mr Schroeder had a majority interest, and then took without permission or right Mr. Schroeder’s ideas, concepts, web application and technology.” Cohen did not reply to a request for comment. Schroeder’s complaint says that he and Cohen worked together in 2007 and 2008 on a start-up venture that was an antecedent to Pinterest

Pinterest Sued by Former Business Partner of Early Investor

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