{ "docId": "019dd923-622c-750b-8b99-4b92274d3e76", "docSlug": "0a0319cd79cc", "documentTitle": "FIGS, Inc. (FIGS)", "authorId": "54_Spruce_Point_Capital", "authorName": "Spruce Point Capital Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2022-09-07 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 109, "pageCount": 113, "prevPage": 108, "nextPage": 110, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "Uses a red flag icon to signal a warning or contradiction.", "elementsJson": [ "headline_text", "callout_box", "quote_block" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b99-4b92274d3e76/109", "deckHref": "/decks/019dd923-622c-750b-8b99-4b92274d3e76", "deckJsonHref": "/decks/019dd923-622c-750b-8b99-4b92274d3e76.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-4b92274d3e76#slide-109", "components": [ { "bbox": { "h": 0.07, "w": 0.86, "x": 0.108, "y": 0.17 }, "kind": "callout", "text": "As noted, there is significant debate between the parties as to whether the documents, if they were taken and used as Spear has stated, constitutes sufficient foundation for a California Uniform Trade Secrets Act (CUTSA) case. However, at the very least, Spear's actions seem to have violated the Blackstone Code of Ethics.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "734fccae-c204-4360-9099-ddb67c3ed046", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "However, at the very least, Spear's actions seem to have violated the Blackstone Code of Ethics.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-e6ed-775b-bca2-a3e102df7f84", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.85, "x": 0.12, "y": 0.33 }, "kind": "paragraph", "text": "“Because all Confidential Information constitutes a valuable asset of the Firm, without the prior written consent of the Firm (which may be given or withheld in the Firm’s sole discretion) or unless legally mandated, no employee or member of the Firm may, while he or she is employed by or associated with the Firm or at any time thereafter, (a) disclose any Confidential Information to any person except in furtherance of the business of the Firm, (b) make any other use of any Confidential Information except in the business of the Firm and in a manner which at all times is intended to serve the interests of the Firm. . .”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0c1da56e-97e9-48af-a3cb-469ab7a95b1c", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "Because all Confidential Information constitutes a valuable asset of the Firm, without the prior written consent of the Firm (which may be given or withheld in the Firm’s sole discretion) or unless legally mandated, no employee or member of the Firm may, while he or she is employed by or associated with the Firm or at any time thereafter, (a) disclose any Confidential Information to any person except in furtherance of the business of the Firm, (b) make any other use of any Confidential Information except in the business of the Firm and in a manner which at all times is intended to serve the interests of the Firm. . . — Code of Ethics of Distributor, Blackstone Group, filed with the SEC, dated 10/2011", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd952-e6ed-775b-bca2-a65afc2b3ad8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.9, "x": 0.065, "y": 0.64 }, "kind": "source-note", "text": "(Code of Ethics of Distributor, Blackstone Group, filed with the SEC, dated 10/2011, emphasis added.)", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4dc4861f-be2c-41c5-89ab-cbf5036cb86c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.55, "x": 0.017, "y": 0.96 }, "kind": "source-note", "text": "Source: Strategic Partners, Inc. v. FIGS, Inc., et al., case no. 2:19-cv-02286-JWH-KSx documents 115-2", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ca495031-01b5-42c6-b7a1-b6fb39dc104b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.65, "x": 0.315, "y": 0.03 }, "kind": "title", "text": "Spear's Actions, at the Very Least, Seem Highly Unethical", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4325aefa-a7f9-4dbd-acb9-1c34e12a0a6f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.966, "x": 0.017, "y": 0.282 }, "kind": "title", "text": "Blackstone Code of Ethics", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dd679e04-2264-4310-a339-05bcd35c4c88", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "7a38a53d-11c9-4558-b6ec-442de040a82a", "evidence": "Contrasts a specific action against a formal code of ethics to prove unethical behavior.", "confidence": 0.85 } ], "arcBeats": [ { "to": 113, "from": 88, "beatId": "b694edb1-a263-47ef-bdd9-574fde1c863c", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "The Victory", "beatSlug": "overcoming-monster-the-victory", "evidence": "Conclusion and downside risk assessment", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }