News Summary

The National Bank of Canada has filed a lawsuit against the co-founders of the data infrastructure startup Deck, Yves-François Leboeuf and Frédérick Lavoie, for allegedly violating a non-compete agreement with their former company, Flinks. The lawsuit, filed in the Québec Superior Court, demands $5.7 million CAD in damages and seeks to halt Deck’s operations related to financial data aggregation. National Bank, which acquired a majority stake in Flinks in 2021, claims that the co-founders misrepresented their commercial intentions and began developing Deck, which competes with Flinks’ main product focus, after the acquisition. Leboeuf and Lavoie, who co-founded Flinks in 2016, have denied the allegations, stating they have written authorizations that contradict the claims. Deck, co-founded with two other ex-Flinks employees, focuses on creating APIs for tracking metrics like energy consumption and has raised $16.5 million USD since its founding.