Curated News
By: NewsRamp Editorial Staff
June 20, 2024

Forgame Holdings Takes Legal Action Against HumanCode AI

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Source News Release

TLDR

  • Forgame Holdings Limited is taking decisive legal action against HumanCode AI for the misuse of Redrock's proprietary technology, protecting its market position.
  • Forgame Holdings demands compliance from HumanCode AI to cease use of Redrock's technology and return all misappropriated intellectual property.
  • Forgame Holdings is committed to protecting Redrock's assets and market position from unethical competitors, ensuring accountability for unethical actions.
  • HumanCode AI has been caught exploiting Redrock's proprietary palm print identification technology, leading to decisive legal action from Forgame Holdings.

Impact - Why it Matters

The misuse of Redrock's proprietary technology and corporate deception by HumanCode AI not only undermines Redrock's market position but also represents a serious breach of trust and legal duties. This news highlights the importance of protecting intellectual property and the potential consequences of unethical business practices. It also serves as a reminder of the legal recourse available to companies facing such infringements.

Summary

Forgame Holdings Limited, a significant shareholder of Redrock Biometrics, is taking legal action against HumanCode AI for the misuse of Redrock's proprietary technology and corporate deception. HumanCode AI, under the leadership of Hua Yang and Zhang Dong, has been caught exploiting Redrock's technology, including theft of proprietary software, investor misrepresentation, fiduciary breach, and non-compete violation. Forgame Holdings demands immediate compliance from HumanCode AI to cease use of Redrock's technology and return misappropriated intellectual property. Failure to comply will result in legal action for breach of fiduciary duties and violation of non-compete agreements.

Forgame Holdings is committed to protecting Redrock's assets from unethical competitors and defending its intellectual property. The company's representative stated that the actions of HumanCode AI are corporate theft and deception, and Forgame Holdings is determined to hold those responsible accountable for their unethical actions.

Source Statement

This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Forgame Holdings Takes Legal Action Against HumanCode AI

blockchain registration record for the source press release.