Ari Emanuel & Endeavor Accused Of Intellectual Property “Theft” For Second IPO Attempt In New Suit

deadline.com:

No one is ever going to say that Ari Emanuel doesn’t play rough, but a new lawsuit filed today accuses the Endeavor boss of having some very sticky fingers in his well compensated desire to turn his 2019 IPO dreams into a 2021 reality.Seeking a jury trial over breach of implied contract and unjust enrichment, consultant David Carde is claiming Emanuel and Endeavor surreptitiously used an “11-page highly detailed analysis” they were cold emailed of “a detailed roadmap of how Endeavor could and should communicate its business value to the market”In a highly detailed, illustrated and often dramatically worded complaint filed in LA Superior Court today by attorneys at Early Sullivan Wright Gier & McRae LLP, Carde tosses around terms like “the theft of …intellectual property” pretty liberally (read it here).“The circumstances of the delivery of the Analysis to Endeavor created an implied in fact contract that Mr.

Carde would be paid if Endeavor used it,” the suit says of the early October 2019 unsolicited and unresponded to email from lawyer Michael Giordano to Emanuel, and then later WME president Ari Greenberg (who Carde claims he knew through charitable works). “In violation of this implied in fact contract, Endeavor then proceeded to steal Plaintiff’s ideas and intellectual property – without the required compensation – and put them to use in its communications with the market for the second IPO which convinced the market that Endeavor was an enterprise worth over $10 billion dollars,” the document adds.“Mr.

Carde is entitled to be recompensed for Endeavor’s unjust enrichment in an amount to be proven at trial,” the complaint goes on to say. “In engaging in the misconduct alleged herein, Endeavor acted with behavior so