Federal lawsuits in Kentucky and Wyoming alleging misappropriation of trade secrets and false advertising by one historical horse racing company against another have been settled, according to a statement from Exacta Systems of Boynton Beach, Fla.
Exacta Systems, previously known as Encore, was named, along with Kentucky Downs and its principal officers, in a 2015 lawsuit filed by AmTote Internationalpa, a Hunt Valley, Md., company that co-developed the Instant Racing historical horse racing machines now operated under the brand name PariMAX. The suit alleged Exacta/Encore and Kentucky Downs misappropriated trade secrets and breached a contract when it replaced AmTote/PariMAX machines with newly developed historical racing machines from Exacta/Encore.
In a separate lawsuit filed in U.S. District Court in Wyoming in 2019, PariMAX accused Exacta Systems of false advertising in the promotion of its machines.
The full statement from Exacta Systems reads: “Plaintiffs AmTote International, Inc. and Parimax Holdings, LLC and Defendants Kentucky Downs, LLC, Exacta Systems, LLC and Magellan Gaming, LLC have reached a resolution of their existing litigation in Kentucky and Wyoming. AmTote and Exacta have entered into a settlement agreement and a licensing agreement to resolve their disputes over their respective historical horse racing gaming technologies. Accordingly, all parties to the Kentucky and Wyoming litigation have agreed to dismiss all pending legal actions against Exacta, Kentucky Downs and Magellan. The details of the settlement are confidential by the agreement of the parties.”
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