18 months after being filed, a Los Angeles Superior Court judge has shut down a lawsuit accusing Endeavor of intellectual property theft.
In the lawsuit, originally filed in March 2022, consultant David Carde accused Endeavor of stealing an analysis of the company that he sent unsolicited to CEO Ari Emanuel in 2019 after Endeavor’s recent failed IPO. Carde claimed his analysis led directly to the company’s $10.3 billion IPO in the spring of 2021, and that he hadn’t been credited or compensated.
However, in a ruling issued Dec. 12 and unsealed Friday, Judge Gregory Keosian shot all of that down, noting that Endeavor doesn’t accept unsolicited submissions and thus Carde never had an implied contract with them.
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