Industry Newsdata aggregationopen bankingflinksnon compete
Deck Co-Founders Fight Bank Non-Compete Lawsuit
6.1
Deck co-founders Yves‑François Leboeuf and Frédérick Lavoie filed a defence this week in Québec Superior Court, calling National Bank and Flinks' Dec. 3 lawsuit accusing them of breaching a five‑year non‑compete 'frivolous' and abusive. National Bank is seeking C$5.7 million and an injunction to halt Deck's financial-data aggregation activities; the founders deny competition and ask for dismissal and C$60,000 plus fees.
Key Points
- 1File defence: Deck co-founders deny breaching five-year non-compete and call suit frivolous.
- 2Demand C$5.7 million and injunction show bank seeks major financial damages and business restraint.
- 3Signal legal risk for fintech founders exiting acquisitions; impacts investor due diligence and product positioning.
Scoring Rationale
Official court filings and investor details increase relevance, but the dispute's effects are confined to Canadian fintech sector.
Sources
Public references used for this report.
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