Apple Cofounder Steve Wozniak Sued By Professor Over Claims Of Stealing Business Idea

Loading...
Loading...

Steve Wozniak is being sued over claims that the Apple Inc AAPL cofounder stole a business idea.

  • The suit is related to Woz U, which is based in Scottsdale, Arizona, and offers technical education for skills such as coding and cybersecurity, the Business Insider reported. 
  • Ralph Reilly, an associate professor of management at the University of Hartford in Connecticut, claims Wozniak took Reilly's idea after having earlier agreed to let Reilly start such a school using Wozniak's name but then never following through.
  • Reilly said, in 2011 they both met at Sacramento's Hyatt Regency hotel, and there they agreed to open up the school, sealing a deal with an on-camera handshake. 
  • Reilly alleges that Wozniak stole his intellectual property and infringed on his copyright by launching a Woz-branded tech school without him. 
  • The intellectual property infringement case is set to go to trial in June in Arizona. Wozniak has been called to the stand to testify. His legal team denies the allegations.
  • According to the report, Wozniak was unable, during a legal deposition, to recollect whether he'd ever been been given a $1 million payout
  • Reilly, who has been pushing this legal battle for three years, has sought at least $1 million in relief and damages over the claims, according to Business Insider.
  • Wozniak is one of three creators of Apple, along with the late Steve Jobs and Ronald Wayne. 

Image: Gage Skidmore via WikiCommons

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsGeneralSteve Wozniak
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...