On the eve of going to trial, Morningstar Inc. has reached a preliminary settlement in an intellectual property lawsuit brought by Business Logic Corp., a 401(k) managed accounts software company.

A trial that had been scheduled to start Monday in Chicago to determine if Morningstar illegally replicated software owned by Business Logic has been called off.

Business Logic in 2009 filed a lawsuit against Morningstar for breach of contract and misappropriation of trade secrets. It requested compensatory damages of $64.3 million.

Click here to read the entire article on Investment News.

Software piracy is a global issue. ITCA experts are seasoned professionals who negotiate with integrity and sensitivity to regional laws and unique situations and who understand how to bring companies into compliance and guide their ongoing software asset management. We achieve our clients’ goals through a complete spectrum of services offered through our Compliance Enforcement Services, our SAM certification program, and innovative identification and automated analysis software from our partner SmartFlow Compliance Solutions (SCS).