I read the allegations and the honey pot/sting operation. It is incredibly damning for Deed. It seems like an open and shut case on the merits, but I am not familiar with what a settlement would look like in terms of $$$ and other aspects.
TL/DR summary: Rippling sent a string email, under some type of cover, to Deed leadership that detailed a secret Slack group on the Rippling server that would contain valuable company secrets. And soon after a Rippling employee, who Rippling believed was spying for Deed, somehow decided to access that Slack group to see what was in it. Thus implicating Deed leadership in the spying efforts on Rippling.
TL/DR summary: Rippling sent a string email, under some type of cover, to Deed leadership that detailed a secret Slack group on the Rippling server that would contain valuable company secrets. And soon after a Rippling employee, who Rippling believed was spying for Deed, somehow decided to access that Slack group to see what was in it. Thus implicating Deed leadership in the spying efforts on Rippling.