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Bloomberg
British online food retailer Ocado Group Plc has settled its bitter legal fight with one of its co-founders, after he obtained confidential information to help set up a rival business.
Ocado sued Jonathan Faiman as well as his business partner Jon Hillary, who also previously worked for the company, and their business Project Today Holdings Ltd for breach of confidence in 2019.
The suit centred on allegations that Faiman used Hillary to get access to confidential information while he worked at Ocado, which was then used to try to forge deals with Marks & Spencer Group and Waitrose. A “significant†payment was made to Ocado as part of the settlement, as well as an agreed statement of facts, Ocado said.