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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: August 1, 1996
SEGUE SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
0-27794
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(Commission
File Number)
Delaware 95-4188982
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(State or other (IRS Employer
jurisdiction of Identification No.)
incorporation)
1320 Centre Street
Newton Centre, MA 02159
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 796-1000
N/A
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
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As previously disclosed on July 1, 1996 in a press release, Softbridge,
Inc. ("Softbridge") filed a complaint in the Superior Court for the Commonwealth
of Massachusetts captioned Softbridge, Inc. v. Laurence Kepple et al.,
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(Middlesex Superior Court C.A. No. 96-3852) on June 28, 1996. The defendants in
the complaint are Segue Software, Inc. (the "Company"), four current employees
of the Company, and one former employee of the Company. In its complaint
Softbridge alleges, among other things, that the five individual defendants, who
terminated their employment with Softbridge in 1991 and 1992, violated certain
non-competition agreements when they began working for the Company. Softbridge
also alleges that four of the individual defendants brought with them certain
trade secrets and proprietary information belonging to Softbridge and made use
of those trade secrets and proprietary information in developing a software
product for the Company. Based on those allegations, Softbridge has made claims
against the individual defendants for breach of contract and against the Company
for unfair competition, misappropriation of trade secrets, intentional
interference with contract, unjust enrichment, and to reach and apply any
Company funds available to indemnify the individual defendants. Pursuant to
agreements between the Company and the current and former employees, the Company
may be required to indemnify the current and former employees against expenses,
judgements and amounts paid in settlement of the claim. Softbridge has not
alleged a specific amount of damages in their complaint. As the litigation
commenced only recently, the Company is still investigating these claims and is
not able to determine at this time what the outcome of such litigation will be
or what effect it may have upon the Company. All five individual defendants have
denied Softbridge's allegations, and based on those denials and other
information known to date, the Company expects to vigorously contest all claims
made against it in this litigation.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SEGUE SOFTWARE, INC
Date: August 1, 1996 /s/ J. Jeffrey Bingenheimer
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J. Jeffrey Bingenheimer
Chief Financial Officer
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