June 16, 2014 by Brad Perriello
Olympus sues ArthroCare and a former sales territory manager, accusing Clayton Williard and his new employer of breach of contract and tortious interference.
Olympus (PINK:OCPNY) accused a former sales manager andArthroCare of breaching non-compete provisions and interfering with a contract, alleging that ex-Olympus territory head Clayton Williard took confidential information along when he jumped ship for the same job with ArthroCare.
Olympus hired Williard from then-subsidiary Gyrus in February 2012 as ear, nose & throat territory manager for New Mexico, according to court documents. Williard resigned from Olympus May 12, effective May 23, saying he’d taken the same position at ArthroCare, according to the documents.