HP, Lexmark Settle Non-Compete Claims Lawsuits

Law360, New York (January 10, 2007, 12:00 AM EST) -- Rival printer manufacturers have reached a $525,000 settlement over a top executive who allegedly violated his non-compete agreement by making a jump between companies.

Lexmark International Inc. said the figure is what Bruce Dahlgren, head of sales for Hewlett-Packard Co.’s printing division, was obligated to repay under his employment, stock option and restricted stock agreements for violating the non-compete agreement.

Also as part of the settlement, Dahlgren is restricted from intentionally interfering with Lexmark's relationships with its customers through July 9, 2008, from soliciting Lexmark personnel...
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