motorhaven - 7:55 pm on Oct 6, 2010 (gmt 0)
Agreed, if the time span is long enough, and the contract is not according to California law (don't think it is as they filed in GB), and there is a non-compete. I'm holding out to see the details of the case, which I suspect will probably end up out of court.
Now if they outright took code, then its a slam dunk against them. But if they didn't, there are complications... these guys didn't sell VB to IB. They worked for IB via VBulletin until 2009, and how their non-compete, if any with Jelsoft, is written is what I believe (but don't know as I admittedly don't know UK law) is what the case will win/lose on. It'll be interesting to watch. If the code is 100% new... I'm cheering for them, IB has outraged a lot of people with the licensing changes.