Price-Meister, which was sued by Broker Genius for allegedly building its broker pricing intelligence product off the framework of BG’s existing product, has issued a statement following its accepting of a permanent injunction and shutting down operations in late November.
“While we have not elected to proceed in litigation, we maintain that we acted in good faith and the technology we used was our own. We refute the allegations made against us and fully support a fair and competitive environment. This leads to innovation and lower prices, and is in the best interest of consumers. In many industries, some companies may prefer to leverage resources to eliminate competitors rather than focusing on improving their offering and letting their product or service speak for itself. We can only hope that what may be a clever, albeit shameless, tactical strategy in the short term will ultimately fail as alternatives surface in response to consumer desire for a better and more cost effective solution.”
Broker Genius has brought lawsuits against two companies besides Price-Meister, alleging that all used access to its proprietary system while clients to build competing products. Lawsuits against Seat Scouts and NRZ Entertainment are ongoing.
Price-Meister’s decision to settle came just 10 days after it was served with the complaint. Matt Berry, who operated the website and was named in the lawsuit, declined to comment for TicketNews at the time, but the Price-Meister website had already been taken down, redirecting instead to the Department of Justice Anti-Trust section website: http://www.price-meister.com.