• Apple and A123 Looking to Settle Their Lawsuit Regarding Poached Battery Engineers

    Apple and A123 Systems, the battery manufacturer, are apparently close to entering a settlement of the federal lawsuit, which accused the former of poaching engineers and scientists from A123 in an effort to create a battery division. According to the Boston Globe, a judge recently granted A123 more time to finalize settlement terms. The documents stated that both sides have “reached an agreement, signed a term sheet, and are in the process of drafting a final settlement agreement.”

    For those of you who didn’t know about it previously, the main cause of the lawsuit was the charge that Apple poached five executives who were linked to A123’s System Venture Technologies Division, including the now-former chief technology officer, Mujeeb Ijaz. The former CTO allegedly violated an agreement that he made to the company where he vowed to not recruit from his former employer after going to Apple. The poaching resulted in A123 having to shut down several projects while contributing to “a larger scale battery division to compete in the very same field,” referring to Apple creating their own division that was in direct competition to A123.

    The Cupertino California company tried to dismiss the case, even as it was simultaneously in settlement talks. Given the recent news, you can tell Apple wasn’t very successful when it came to getting the judge to agree to the dismissal. Apple’s interest in A123 batteries was one of the reasons that the rumors of Apple developing an electric car started to float. The Cupertino California company also appears to be hiring people away from the electric car manufacturer, Tesla, indicating that something is definitely in the works. We’ll have to wait and see how the settlement turns out and also what Apple is really working on by being patient.

    Source: Boston Globe
    This article was originally published in forum thread: Apple and A123 Looking to Settle Their Lawsuit Regarding Poached Battery Engineers started by Akshay Masand View original post
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