Motorola and Nortel reached a settlement in the case of Mike Zafirovskim Motorola’s former president and chief operating officer, who recently was named Nortel president and CEO. In a lawsuit, Motorola alleged that Zafirovski’s move to Nortel threatened an unlawful misappropriation of Motorola trade secrets and a breach of multiple non-compete, confidentiality and no solicitation agreements Zafirovski signed with Motorola.
The terms of the settlement reaffirms Zafirovski’s obligations to protect Motorola’s trade secrets and confidential information and restricts him from internal and customer activities that could lead to his use of and sharing of such information to Nortel’s unfair advantage. The settlement also restricts certain recruiting activities by Nortel and Zafirovski. The settlement includes an $11.5 million cash payment to Motorola and requires Zafirovski to regularly certify compliance to Motorola and Nortel’s board of directors.http:/www.motorola.com
http://www.nortel.com
