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Fraud Claims Against FactSet, Revere Data And Doug Engmann Goes To Trial

A San Francisco state court has ruled that fraud and breach of contract claims brought by plaintiff Ashbury Heights Capital against FactSet Research Systems, Revere Data and its founder Doug Engmann are sufficiently supported by evidence and may proceed to trial. On Thursday, May 31 the court denied defendants’ motion for summary judgment, finding that a jury could find for Ashbury on all its claims.   Ashbury is founded by MIT graduates Eric McGill and Paul Mingardi. According to the complaint, data partner Revere and its founder Doug Engmann, the former head of the Pacific Stock Exchange, misused Ashbury’s intellectual property to prop up its...