H-P Sues to Stop Ex-Chief’s Job
By ROBERT A. GUTH, BEN WORTHEN And JOANN S. LUBLIN .
The Wall Street Jornal Reports:
Hewlett-Packard Co. sued to block its former chief executive from joining rival Oracle Corp. as a senior executive, alleging Mark Hurd’s hiring breaches his exit agreement and will inevitably lead to a transfer of its trade secrets to a competitor. …
While it isn’t unusual for companies to sue departing executives to enforce exit agreements, H-P’s suit Tuesday against Mr. Hurd is atypical in that former CEOs are rarely subject to such legal actions, experts said.
H-P’s suit focuses on a confidentiality agreement, which restricts Mr. Hurd from disclosing sensitive information about his former employer.
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We represent both plaintiffs and defendants in such cases, and can also help stop litigation before it starts by reviewing contracts to look for covenants and clauses that could create problems later. Based in Oakbrook Terrace and downtown Chicago, our Schaumberg noncompete clause lawyers take cases from Wheaton, Elgin, Aurora, Naperville and many other cities throughout Illinois, as well as in Indiana, Wisconsin and the entire United States. To learn more or set up a free consultation, please contact us through the Internet or call toll-free at 630-333-0333 today.