Fanatics acquired its long-term exclusives through …

“Fanatics acquired its long-term exclusives through the use of Panini’s confidential information,” Panini contends. “Fanatics gained access to Panini’s commercially sensitive, confidential licensing information in direct violation of the confidentiality provisions contained in those licenses or in violation of confidentiality Panini was entitled to expect regarding this information.  “Fanatics obtained granular details of Panini’s existing deals, including the precise royalty rate, minimum guarantee schedule, marketing commitments, and autograph spend obligations under Panini’s licenses. Fanatics used that information in connection with procuring exclusive licenses.”