January 26, 2016
British billionaire Richard Branson's Virgin Group Ltd. has settled claims in Florida federal court brought by the former president of Norwegian Cruise Line Corp. alleging Virgin ripped off his "ultra ships" business plan through Virgin's new luxury cruise line, the parties announced Tuesday.
September 25, 2015
A Florida federal judge pared claims in a suit by Norwegian Cruise Line Corp.’s former president accusing global units of British billionaire Richard Branson’s Virgin Group Ltd. of ripping off his “ultra ships” business plan through Virgin’s new luxury cruise line, tossing claims that they breached a non-disclosure agreement. Correction: An earlier article incorrectly stated the claims that had been dismissed. The error has been corrected.
March 11, 2015
Units of British billionaire Richard Branson's Virgin Group Ltd. were sued Tuesday by Norwegian Cruise Line Corp.'s former president for allegedly stealing his "ultra ships" business plan when creating Virgin's new luxury cruise line, breaching their agreement and depriving him of potentially over $300 million.