Latest news with #Mutual
Yahoo
02-06-2025
- Business
- Yahoo
Scamnetic, Inc. Files Lawsuit Against BlackCloak, Inc. for Trade Secret Misappropriation, Breach of Contract and Deceptive Trade Practices
TAMPA, Fla., June 02, 2025--(BUSINESS WIRE)--Scamnetic, Inc., a leading provider of scam prevention and protection services, has filed a lawsuit against BlackCloak, Inc. in the United States District Court for the Middle District of Florida, Orlando Division. The lawsuit alleges that BlackCloak misappropriated Scamnetic's trade secrets related to Scamnetic's first of its kind proprietary tool, IDEveryone, which is designed to combat the ongoing epidemic of scams. Scamnetic developed IDEveryone to help users verify the identity of the people they interact with in any channel and to detect scam communications. Since Scamnetic released IDEveryone in August 2024, the tool has been instrumental in protecting consumers from sophisticated scam attempts, including those using AI deepfakes. The complaint states that Scamnetic and BlackCloak entered into a Mutual Confidentiality and Non-Disclosure Agreement (NDA) to explore potential business partnership opportunities. Scamnetic provided BlackCloak with confidential and trade secret information about IDEveryone subject to the NDA, under which the only permissible use of the information was to explore the partnership. But rather than enter a partnership with Scamnetic, BlackCloak took Scamnetic's trade secret information for itself, launching its own copy of Scamnetic's identity verification product in April 2025. Scamnetic's CEO Al Pascual indicated that "Scamnetic is as committed to vigorously protecting our intellectual property as we are committed to fighting scams." The lawsuit seeks injunctive relief as well as damages for the harm caused by BlackCloak's alleged actions. View source version on Contacts For more information, please contact: prforscamnetic@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Scamnetic, Inc. Files Lawsuit Against BlackCloak, Inc. for Trade Secret Misappropriation, Breach of Contract and Deceptive Trade Practices
TAMPA, Fla., June 02, 2025--(BUSINESS WIRE)--Scamnetic, Inc., a leading provider of scam prevention and protection services, has filed a lawsuit against BlackCloak, Inc. in the United States District Court for the Middle District of Florida, Orlando Division. The lawsuit alleges that BlackCloak misappropriated Scamnetic's trade secrets related to Scamnetic's first of its kind proprietary tool, IDEveryone, which is designed to combat the ongoing epidemic of scams. Scamnetic developed IDEveryone to help users verify the identity of the people they interact with in any channel and to detect scam communications. Since Scamnetic released IDEveryone in August 2024, the tool has been instrumental in protecting consumers from sophisticated scam attempts, including those using AI deepfakes. The complaint states that Scamnetic and BlackCloak entered into a Mutual Confidentiality and Non-Disclosure Agreement (NDA) to explore potential business partnership opportunities. Scamnetic provided BlackCloak with confidential and trade secret information about IDEveryone subject to the NDA, under which the only permissible use of the information was to explore the partnership. But rather than enter a partnership with Scamnetic, BlackCloak took Scamnetic's trade secret information for itself, launching its own copy of Scamnetic's identity verification product in April 2025. Scamnetic's CEO Al Pascual indicated that "Scamnetic is as committed to vigorously protecting our intellectual property as we are committed to fighting scams." The lawsuit seeks injunctive relief as well as damages for the harm caused by BlackCloak's alleged actions. View source version on Contacts For more information, please contact: prforscamnetic@ Sign in to access your portfolio
Business Wire
02-06-2025
- Business
- Business Wire
Scamnetic, Inc. Files Lawsuit Against BlackCloak, Inc. for Trade Secret Misappropriation, Breach of Contract and Deceptive Trade Practices
TAMPA, Fla.--(BUSINESS WIRE)--Scamnetic, Inc., a leading provider of scam prevention and protection services, has filed a lawsuit against BlackCloak, Inc. in the United States District Court for the Middle District of Florida, Orlando Division. The lawsuit alleges that BlackCloak misappropriated Scamnetic's trade secrets related to Scamnetic's first of its kind proprietary tool, IDEveryone, which is designed to combat the ongoing epidemic of scams. Scamnetic developed IDEveryone to help users verify the identity of the people they interact with in any channel and to detect scam communications. Since Scamnetic released IDEveryone in August 2024, the tool has been instrumental in protecting consumers from sophisticated scam attempts, including those using AI deepfakes. The complaint states that Scamnetic and BlackCloak entered into a Mutual Confidentiality and Non-Disclosure Agreement (NDA) to explore potential business partnership opportunities. Scamnetic provided BlackCloak with confidential and trade secret information about IDEveryone subject to the NDA, under which the only permissible use of the information was to explore the partnership. But rather than enter a partnership with Scamnetic, BlackCloak took Scamnetic's trade secret information for itself, launching its own copy of Scamnetic's identity verification product in April 2025. Scamnetic's CEO Al Pascual indicated that 'Scamnetic is as committed to vigorously protecting our intellectual property as we are committed to fighting scams.' The lawsuit seeks injunctive relief as well as damages for the harm caused by BlackCloak's alleged actions.
Yahoo
11-05-2025
- General
- Yahoo
Firefighters battle fire at Forte Opening Solutions in Marshfield for 4 hours Sunday
MARSHFIELD − One firefighter suffered heat-related injuries as multiple departments battled a fire Sunday morning for about four hours at Forte Opening Solutions in Marshfield. Marshfield Fire and Rescue was dispatched to Forte Opening Solutions, 1401 E. Fourth St., at about 9:30 a.m. Sunday for reports of multiple explosions and 30-foot flames coming from the building, according to a release from the fire department. Callers and police on scene confirmed there was an explosion, smoke and fire, so a Mutual Aid Box Alarm System box alarm was called to request additional resources and manpower, according to the release. When the fire department arrived on scene, there was heavy smoke showing from multiple locations with minimal access, the release said. There were small fires in multiple locations with extremely hard to reach access. Progress was slowed due to the risk of further dust explosions, according to the release. The water deluge system was operating in multiple locations, which helped to control fire spread. Crews began to prioritize fire locations and began multiple offensive attacks, according to the release. Two aerial trucks and two engines were used for extinguishment purposes as well as multiple support apparatus, according to the release. Crews were on scene for about four hours and used about 50,000 gallons of water to extinguish the fire, according to the release. They were assisted by Marshfield Utilities, WE Energies, Wood County Central RIT, Hewitt Fire, Lincoln Fire, Richfield Fire and Arpin Fire. Marshfield Fire used eight on-duty personnel to fight the blaze, and 11 off-duty personnel responded for assistance. There were a total of 26 firefighters on scene with the neighboring departments providing aid. One firefighter suffered heat-related injuries and was treated and released at the scene. The cause of the fire remains under investigation. The initial damage estimate is $75,000 but that may rise upon further assessment, according to the release. Multiple explosion doors and ductwork were blasted open and other cuts and damage were created by fire operations to gain access to the fire. This is the second time in two weeks the Marshfield Fire & Rescue Department has responded to Forte Opening Solutions. On March 28, they responded for smoke and smoldering material on top of a silo. Maintenance personnel told the department that a bearing overheated causing their manufacturing materials to start on fire on top of a silo, according to a news release from the department. Crews were on scene for about one and a quarter hours on March 28 as they located numerous hotspots in the silo and worked to extinguish them, the release said. Masonite Architectural rebranded as Forte Opening Solutions in October. The company provides a full range of premium components and door solutions tailored to customer needs, according to its website. Editor Jamie Rokus can be reached at jrokus@ or follow her on Twitter at @Jamie_Rokus. This article originally appeared on Marshfield News-Herald: Firefighters battle fire Sunday at Forte Opening Solutions in Marshfield
News18
28-04-2025
- Business
- News18
Home Loan EMI Of Rs 53,984 Or SIP Of Rs 53,984: Which Is Better For Buying A House?
Last Updated: Experts suggest investing in SIPs over home loan EMIs. A Rs 60 lakh loan at 9% interest costs Rs 1.30 crore. SIPs could grow to Rs 5 crore in 20 years, saving Rs 2.75 crore Owning a home is a dream for many, but the financial burden of home loans and EMIs (Equated Monthly Instalments) can be overwhelming. Some experts suggest that instead of paying long-term EMIs, one could invest in a Systematic Investment Plan (SIP) and accumulate enough funds to buy a house. This raises the question: could investing in a SIP be a better option than taking out a home loan? Understanding Home Loan Costs Let's consider a scenario where you take a home loan of Rs 60 lakh for 20 years at an annual interest rate of 9%. The monthly EMI would be Rs 53,984, and the total interest paid over the tenure would amount to Rs 69,56,053. The total cost, including the principal amount of Rs 60 lakh, would be approximately Rs 1.30 crore. So, for a house worth Rs 70 lakh, you end up paying double that amount. Potential Earnings From SIP Investment Now, if you invest the same amount of Rs 53,984 every month in a Mutual Fund SIP for 20 years, assuming an annual return of 12%, you would invest Rs 1,29,56,160 over the 20 years. This would grow to a maturity amount of Rs 4,96,57,579, with Rs 3,67,01,419 earned as returns. In simple terms, by the end of 20 years, you'd accumulate nearly Rs 5 crore through SIPs. Given an inflation rate of 6%, the cost of a house valued at Rs 70 lakh today would rise significantly in 20 years. The price would increase by Rs 1.54 crore, bringing the total value of the house to Rs 2.24 crore in two decades. By paying EMIs on a home loan, you'd end up paying Rs 69 lakh in interest over the 20 years, for a house that would cost Rs 2.25 crore in the future due to inflation. However, if you invested the same amount through SIPs, your investment could grow to Rs 5 crore, potentially saving you around Rs 2.75 crore even after accounting for the future cost of the house. First Published: April 28, 2025, 12:48 IST
