- French soldier stabbed while on patrol near Paris
- REPEAT-Will immigration reform get killed in Republican-led U.S. House?
- Planetary alignment peaks with celestial show this weekend
- Rockets hit south Beirut after Hezbollah vows Syria victory
- Two believed dead as heavy rains flood San Antonio streets |
Taiwan's Acer sues former CEO Lanci over move to Lenovo
TAIPEI Feb 8 (Reuters) - Taiwan computer maker Acer Inc has filed a lawsuit against its former chief executive, Gianfranco Lanci, saying he has breached a non-compete clause in an agreement covering his departure from the company in 2011.
Lanci left Acer abruptly at the end of March last year after a disagreement with other board members over the strategy needed to counter the runaway success of the tablet market, which has cannibalised Acer's profits.
He joined rival PC maker Lenovo Group Ltd as a consultant late last year to help develop its consumer business with a focus on Europe.
Acer said in a statement late on Tuesday that it had filed the lawsuit in a court in Milan and was also seeking damages from Lanci, who is Italian and currently resides there.
It did not say how much it was seeking. The agreement covering Lanci's departure had a 12-month non-compete clause, it said.
"We believe Mr. Lanci has clearly breached the terms of the non-compete agreement he entered into willingly," the statement said. "This is about Acer defending a binding legal agreement with its former employee."
"We are taking legal action against him in order to protect Acer's rights and interests," it added.
Lanci said after his departure that he left because the board wanted more focus on operations in Taiwan when he believed the company had to look abroad. Acer Chairman JT Wang responded at the time that Lanci had "hurt company's business foundation". (Reporting by Jonathan Standing; Editing by Richard Pullin)
- Tweet this
- Share this
- Digg this