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HP sues Mark Hurd because he joined Oracle

Posted on Tuesday, September 07 2010 @ 22:45:49 CEST by


WSJ reports HP is suing its former CEO Mark Hurd, claiming his new position at Oracle is in violation of his severance agreement.
On Monday, H-P sued Hurd in California Superior Court in Santa Clara, Calif. Click here for the complaint. The gist of the claim claim: that in the course of his duties with Oracle, Hurd will inevitably disclose H-P’s trade secrets and confidential information, in violation of his severance agreement.

“Mark Hurd agreed to and signed agreements designed to protect H-P’s trade secrets and confidential information,” an H-P spokeswoman said. “H-P intends to enforce those agreements. ”

Reads the complaint:

Despite being paid millions in cash, stock and stock-options in exchange for Hurd’s agreements to protect HP’s trade secrets and confidential information . . . following his departure . . . from HP, HP is informed and believes and thereon alleges that Hurd has put HP’s most valuable trade secrets and confidential information in peril.




 



 

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