Social Network Pinterest Hit By Lawsuit

Author: Dan Reyes
Published: January 02, 2013 at 11:43 am

Social sharing service Pinterest was recently hit by a lawsuit, according to a report.

The lawsuit against Pinterest was filed in New York City by a person named Theodore F. Schroeder. The suit claim alleged misappropriation, unjust enrichment and breach of fiduciary duty against Pinterest and its early investor Brian Cohen.

Schroeder, the plaintiff, elaborates that he "originated the ideas that led to the popular, ever-growing Pinterest website" and presents a detailed account of the development of a website called, as well as its spinoff

The lawsuit also claims that the company's progress was stalled, which Schroeder blames on Cohen's alleged maneuvers to claim more ownership while pushing one of the founders out. Cohen, according to the complaint, then struck a "Faustian deal" that would give Schroeder's idea to the team that eventually launched Pinterest.

Schroeder believes that his ideas were stolen from him which include websites allowing users to "post their interests for their friends and the other users of the site to see"; connect to "things that mattered to a user with other users" while providing a "place for a product or even promotes to gain visibility for its product"; discovering a product through "socially network product launches"; and its intent to target female Internet users.

Meanwhile, Pinterest has denied the allegations, saying "The lawsuit against Pinterest is baseless and we will fight it aggresively."

Schroeder, by the way, is said to be a practicing lawyer and a "self-taught computer genius" working in the Philadelphia area.


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Article Author: Dan Reyes

Freelance technology writer, business news reporter, and social media blogger. Follow me:

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