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Page 4 - Breach Of Contract News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IT executive exodus: Explainer: A primer on breach of contract, lawsuits

Wipro and Infosys are pursuing legal action against former executives joining Cognizant, raising questions on non-compete clauses validity in India. While Wipro sued ex-SVP Mohd Haque and CFO Jatin Dalal, Infosys accused Cognizant of unethical hiring. Experts note the challenges enforcing non-compete clauses due to constitutional rights. Past cases lack significant precedents. The desperation to retain talent amid a sluggish market and geopolitical uncertainties might be driving these legal battles among IT giants.

Twitter violated contract by failing to pay millions in bonuses, US judge rules

Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge ruled on Friday. Mark Schobinger, who was Twitter's senior director of compensation before leaving Elon Musk's company in May, sued Twitter in June, claiming breach of contract. Schobinger's suit alleged that before and after billionaire Musk bought Twitter last year, it promised employees 50% of their 2022 target bonuses but never made those payments.

Life Spine settles litigation with Aegis Spine

Life Spine settled its litigation agianst Aegis Spine and secured a court order permanently prohibiting marketing or sales of AccelFix-XT devices in the U.S., according to a Dec. 21 news release.

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