David Leit is interviewed by Financial Planning in an article about FinancialApps’ suit against former partner Envestnet|Yodlee for fraud and misappropriation of trade secrets. He comments on the lack of specific breach of contract claims and reliance on alleged statements made outside of the agreement’s contracts: “The problem with these kinds of cases is that you have to prove that the defendant was lying or defrauding at the time they started working with the plaintiff. … If the defendant can show that either it never made such promises, or that whatever promises it made at the time were genuine, that is a strong defense.” Leit observes that FinApps must prove that the code it provided Evestnet constituted a trade secret: “The formula for Coke may be a trade secret, but if I come up with my own formulation for a drink that tastes just like Coke, that isn’t trade secret misappropriation.” He also remarks that hiring President Donald J. Trump’s personal attorney, Marc Kasowitz, indicates that FinApps is pursuing a “bet the company” strategy.