Former CEO Bahar files US$10.6M suit against Lotus
Posted Aug 29th 2012 1:29PM
CommentsAdd
File this one under "not surprising in the least." Fired Lotus CEO Dany Bahar is reportedly suing his former employers for some US$10.6 million, claiming that the automaker and its Malaysian owner, DRB, broke the law when they dismissed him. According to a report by Bloomberg Businessweek, DRB and Lotus will defend themselves in court rather than settling, including filing a countersuit against the former top executive.
Bahar, 40, was canned on June 7, about two weeks after Lotus suspended him pending an investigation into his conduct. The report cites a Kuala Lumpur stock exchange filing as its source of the information; the filing also indicates that DRB has decided against selling Lotus, despite continuing losses.
