Deals in the Shadows
By mid-2024, AML’s lawsuit says Mirch and his company PSBC LLC struck a software consulting deal with AML developer Ryan Pineo’s firm. Athena later contracted with PSBC to “develop” a new platform. But AML claims no development was needed. Instead, it argues, Mirch and the Taproot entities simply repackaged AML’s existing code and funneled it to Athena for profit.
In one of the more explosive claims, AML says Athena ultimately agreed to pay $9 million under a release and termination deal to secure both the physical ATMs and the code itself.
Seeking Justice in Court
AML’s complaint demands sweeping remedies: a permanent order preventing Athena and Mirch from using the code, compensation for damages, and recognition of its ownership rights.
“By misappropriating AML’s code, defendants have committed copyright infringement, misappropriation of trade secrets and a number of other unlawful acts,” the lawsuit declares.
Representatives for Athena and Taproot did not respond to requests for comment.
