Dyson settles legal wrangling with former chief
DYSON and its former chief executive have settled legal claims, ending the prospect of a bitter court dispute that could have exposed the inner workings of the privately owned technology firm.
Last month, billionaire Sir James Dyson’s company filed a claim in the High Court against former boss Max Conze. Dyson was attempting to sue Mr Conze in relation to allegations that he leaked the company’s secrets. It was claimed that while chief executive, Mr Conze breached the company’s confidentiality rules by giving information to third parties.
It is understood the legal claim against Mr Conze, who joined the company in 2010 and was promoted to the top job a year later, relates to allegations he passed on information about yet-to-be launched products. The claim is also understood to have said he breached his duties as a chief executive by using Dyson resources and information to evaluate an investment for the benefit of himself and a venture capital firm, rather than for his employer. A further claim related to allegations that Mr Conze failed to adhere to lawful and reasonable instructions over his conduct and focus of attention. Mr Conze was dismissed in October. He denied any wrongdoing and said he would hit back with a counter-claim.
Speaking at the time, he called Dyson’s claim a “ridiculous allegation”. Details of the settlement have not been revealed, but it is thought Mr Conze could receive millions as part of the deal.
A spokesman for Dyson said the company had never formally received a counterclaim from Mr Conze.