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Ex-manager and firm he jumped ship to ordered to pay $880k in damages to his former employer

The Straits Times LogoThe Straits Times6d ago

Ex-manager and firm he jumped ship to ordered to pay $880k in damages to his former employer - The Straits Times

Quick Summary:

The High Court found both to have conspired against the former employer.

But it was a bittersweet victory for 3D Infosystems: While it was able to persuade the court to pin liability on Mr Voon and Sunway Digital in some areas, it failed in others.

The difference was the personal “profit” he made by using confidential information to prepare business plans to help Sunway Digital get up and running, and this “profit” should be “disgorged” and given to 3D Infosystems as well, the court said.


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Ex-manager and firm he jumped ship to ordered to pay $880k in damages to his former employer - The Straits Times (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 05:00:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1191 words

Reading Time: 7 minutes read

Sentences: 50 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22644617

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About The Straits Times

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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