WellPoint Sues Aetna, Claiming Breach of Contract Over Hiring.WellPoint Health Networks Inc. has filed a lawsuit against Aetna Inc. that alleges Aetna breached an agreement the health insurers signed in August 2000 that said each party "wouldn't solicit or hire certain employees" of the other company for a one-year period. The purpose of the agreement, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the complaint, was to allow Aetna and WellPoint to evaluate a possible negotiated transaction involving all or a portion of the healthcare business of Aetna and all or a portion of the business of WellPoint. The lawsuit accuses Aetna of unfair competition, breach of contract, breach of the implied covenant of good faith and fair dealing implied covenant of good faith and fair dealing n. a general assumption of the law of contracts, that people will act in good faith and deal fairly without breaking their word, using shifty means to avoid obligations, or denying what the other party obviously , and unjust enrichment A general equitable principle that no person should be allowed to profit at another's expense without making restitution for the reasonable value of any property, services, or other benefits that have been unfairly received and retained. . According to the complaint, filed in U.S. District Court for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Ron Williams
As an officer of WellPoint, Williams acquired "confidential information" and "trade secrets" concerning WellPoint's operations, its future plans and methods of doing business, the suit alleges. Roy Clason, a vice president with Aetna, said "we are surprised and disappointed to learn of the lawsuit.. .given the fact that WellPoint raised no objections when informed by Mr.Williams of his intention to leave." |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion