Stream Awarded Legal Fees in Litigation with Solavei

192nd District Court Judge Orders Reimbursement of Attorney Costs

DALLAS--(BUSINESS WIRE)-- Judge Craig Smith of the 192nd District Court yesterday awarded Stream over $346,000 in legal fees arising out of the factual circumstances underlying the filing by Solavei of a January 2015 lawsuit falsely claiming misappropriation of trade secrets.

Under the Texas Uniform Trade Secrets Act, a court is entitled to grant attorney's fees to a prevailing party such as Stream when claims of trade secret misappropriation are found to have been made in bad faith. This award of fees to Stream follows directly from a June 2015 determination by the District Court that Solavei had no evidence whatsoever to support charges that Stream had used Solavei’s intellectual property to launch its mobile phone service offering.

“Today’s court’s order resoundingly reinforces what we have insisted from the commencement of this dispute: that Solavei’s allegations were baseless and maliciously designed to interfere with the nationwide launch of Stream’s mobile business,” said Mark “Bouncer” Schiro, president and CEO, Stream. “With this final vindication, our Associates can rest assured that this lawsuit soon will be history.”

In the aftermath of failed transactional talks with Stream, during June 2014 Solavei sought protection from its creditors under Chapter 11 of the Federal Bankruptcy Code. Over the past year Solavei has sought at length to reorganize both its finances and operations, but finally announced last month the discontinuation of its own mobile telephone service operations effective December 4, 2015.

About Stream

Stream (Stream Energy), headquartered in Dallas, TX, is a leading nationwide provider of essential services, including Energy Services, Mobile Services and Protective Services. Stream innovated the energy market in 2005 by applying a direct selling model to energy, generating more than $7 billion in total revenue in just ten years. A consistently ranked top direct selling company globally (9th largest in North America in 2014), Stream provides its Independent Associates with the opportunity to earn additional income by selling Stream’s services.

To learn more, visit www.MyStream.com and connect with Stream on Facebook, Twitter, YouTube, and Instagram.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151205005050/en/

for Stream
Lauren Leger, 508.498.8433
[email protected]

Source: Stream

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