Daily News logo Newsletter logo   Search News    

Astro-Med, Inc. Wins $1.5 Million Employee Non-Compete Agreement Suit

  Share This Story

Astro-Med, Inc., (NASDAQ: ALOT) announced today that it has collected $1,495,000 in damages from a lawsuit it filed against a former employee and a competitor business. At issue was the non-competition agreement which the employee had signed as a condition of employment with Grass Technologies, an Astro-Med, Inc. subsidiary.

A jury for the United States District Court for Rhode Island found that the competitor business, Nihon-Kohden America, encouraged the former employee to violate his employment agreement by soliciting business on its behalf while the employee was still bound by the non-competition provisions of his employment agreement with Astro-Med, Inc.

Commenting on the victory, Albert W. Ondis, Chairman and CEO of Astro-Med, Inc., said: "Astro-Med honors all its contracts with customers, suppliers, and employees to a 'T'. As a business, our word is our bond. We expect to be judged on the strength of our adherence to our obligations, and we expect our employees to honor their contracts to our company with equal dedication. This victory sends a clear message to our competitors and to the community at large about how seriously we view contractual obligations."

"I wish to personally express our admiration and gratitude to our lawyers, Craig Scott of Scott & Bush, Ltd. and Stacey P. Nakasian of Duffy & Sweeney, Ltd., who ably and aggressively defended Astro-Med, Inc's rights as an employer," Ondis continued.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer of specialty high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments. Astro-Med, Inc. products are sold under the brand names Astro-Med®, Grass® Technologies and QuickLabel® Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap® Index. Additional information is available by visiting www.Astro-MedInc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2009 annual report and its annual and quarterly filings with the Securities and Exchange Commission.



 
Support Wikipedia

NeswBlaze top writers

Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Supermodel Bar Refaeli Adorns the Cover of the 2009 Sports Illustrated Swimsuit Issue on Newsstands Today! - 148
2 .Go Social Film Magazine Partners with the San Jose Short Film Festival to Stream Official Selections Online to a Global Audience via iPad - 37
3 .Africa Oil Operations Update - 33
4 ."K-1 Rising 2012 - K-1 World Max Final 16 2012" Announces May 27 Pay-Per-View Ustream Channel - 28
5 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 28
6 .Oprah Winfrey Come Out of The Closet! Admit You're a Lesbian! - 24
7 .Photos: Valkyrie MEDEVAC - 35
8 .WeDoRecover Expands Drug and Alcohol Treatment Centre Network with a New Partner Rehab Centre in Durban, South Africa That Will Focus on Upmarket South African and UK, English Patients - 23
9 .Give a Great Valedictorian Speech - Joey Asher - 21
10 .F-Secure Protection Service for Business Now Protects Mobile Devices Too - 21
Updated: 16:45 PDT     3226

NewsBlaze Editors

editors

NewsBlaze Writers

news writer images

Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace NewsBlaze Fan Page NewsBlaze StumbleUpon NewsBlaze Political Cartoons NewsBlaze Editorial Cartoons
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room