Report: Former CEO Bahar files $10.6M suit against Lotus

Filed under: Government/Legal, Hirings/Firings/Layoffs, Lotus

File this one under "not surprising in the least." Fired Lotus CEO Dany Bahar is reportedly suing his former employers for some $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.

Former CEO Bahar files $10.6M suit against Lotus originally appeared on Autoblog on Mon, 27 Aug 2012 17:32:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2012/08/27/former-ceo-bahar-files-10-6m-suit-against-lotus/

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