- Apr 12, 2001
Apple and A123 Systems are close to reaching a settlement in an ongoing battery engineer poaching lawsuit between the two companies, according to The Boston Globe. A123 Systems, an advanced battery manufacturer, originally filed suit against Apple in February for poaching key battery engineering employees to join its own automative team, including former chief technology officer Mujeeb Ijaz.
Apple's much-rumored automotive team reportedly consists of hundreds of employees, including several former Tesla, Ford and GM employees and other talent from smaller firms such as A123 Systems, MIT Motorsports, Ogin, Autoliv, Concept Systems and General Dynamics. The team is believed to be working on an auto-related project, possibly involving an electric and potentially autonomous vehicle."On Tuesday, a federal judge granted A123 more time to finalize the settlement with Apple," reports The Boston Globe. "In a court filing, the two sides reported that they 'have reached an agreement, signed a term sheet, and are in the process of drafting a final settlement agreement.'"
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Article Link: Apple and A123 Systems Nearing Settlement in Battery Engineer Poaching Lawsuit