{"id":126158,"date":"2021-05-24T15:26:54","date_gmt":"2021-05-24T15:26:54","guid":{"rendered":"https:\/\/precoinnews.com\/?p=126158"},"modified":"2021-05-24T15:26:54","modified_gmt":"2021-05-24T15:26:54","slug":"apple-co-founder-steve-wozniak-sued-for-allegedly-stealing-business-idea","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/economy\/apple-co-founder-steve-wozniak-sued-for-allegedly-stealing-business-idea\/","title":{"rendered":"Apple co-founder Steve Wozniak sued for allegedly stealing business idea"},"content":{"rendered":"
apple
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Apple co-founder Steve Wozniak is facing a million-dollar lawsuit for allegedly stealing the idea for a tech school bearing his name.<\/p>\n
Connecticut business professor Ralph Reilly claims in the suit that he and Wozniak made a handshake agreement in 2011 to establish a tech university, Insider reported. <\/p>\n
The school would have been dubbed \u201cthe Woz Institute of Technology,\u201d relying on Wozniak\u2019s name and reputation as a key engineer behind Apple\u2019s early days, according to the report.<\/p>\n
While the idea never came to fruition, Wozniak launched a similar venture under the name Woz U in 2017 in partnership with computer coding boot camp firm Coder Camps. <\/p>\n
After the launch of Woz U, Reilly emailed Wozniak asking to join the business, according to court filings reviewed by Insider.<\/p>\n
<\/p>\n
Woz U did not immediately return The Post’s request for comment.<\/p>\n
\u201cIt\u2019s exactly what I envisioned for Woz Institute of Technology when I first approached you with the idea,\u201d Reilly reportedly wrote in an email.<\/p>\n
\u201cYou are right on the mark,\u201d Wozniak responded, according to the report. \u201cYou had the right idea… I doubt it would have happened without your initial idea!\u201d<\/p>\n
<\/p>\n
But when Reilly followed up, asking for some ownership in the project, Wozniak reportedly stopped responding. <\/p>\n
Reilly is now suing Wozniak for alleged intellectual property theft and copyright infringement. He\u2019s reportedly seeking at least $1 million in relief and damages. <\/p>\n
Reilly did not immediately return The Post’s request for comment. <\/p>\n
Insider reported that Wozniak\u2019s team will argue that he and Reilly never reached a firm deal on the university, and that Wozniak is not typically involved in most business dealings, leaving matters like contract negotiations to his manager and others on his team. <\/p>\n
The case is set to go to trial on June 7 in Arizona, and Wozniak has been called to the stand to testify, Insider reported.<\/p>\n