Monster.com, the on-line recruitment leader, and its parent company
TMP Worldwide, have agreed to drop lawsuits against its former
president who started rival company WOWemployers, the company
itself, and 18 employees, all formerly of Monster.com. The lawsuits
alleged improper competition and theft of trade secrets.
WOWemployers said in a statement that Monster.com found
“absolutely no evidence to substantiate any of the suits and
admitted no wrongdoing” by WOWemployers, its President and founder,
William Warren, or the 18 employees.
Monster.com also agreed to pay all of WOWemployers' legal fees
that the company incurred as a result of what the company calls
“malicious suits”. Monster.com has also agreed “not to make any
further statements regarding WOWemployers that are false and
defamatory.”
In the lawsuits, filed on 6th March, 2001 in Marion Superior
Court in Indiana, Monster.com claimed that Mr. Warren and 18
previous employees conspired to leave the company and take trade
secrets with them. The lawsuits also alleged that Mr. Warren and
the 18 former employees conspired to steal confidential marketing
data, customer contact lists and other company information.
Mr. Warren said, “the fact Monster.com has agreed to pay all of
our legal fees is very telling and means to us they acknowledge
these were, indeed, frivolous lawsuits; and they were threatened by
our revolutionary technology and overall plans.“
