Monster.com
Monster.com Parent Company Sues Former Vice President for Soliciting Workers in Violation of Agreement
Wednesday, December 28th, 2011 | Breach of Contract, Executive Compensation, Noncompete Litigation | No Comments
Monster Worldwide, Inc., the parent company of the internet-based job search service Monster.com, filed a breach of contract suit against its former executive vice president, Darko Dejanovic, in the U.S. District Court for the Southern District of New York on December 16, 2011. The suit alleges that Dejanovic violated nonsoliciation agreements he had entered into with Monster by hiring two of Monster’s top technology executives within a year of leaving the company.
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Dejanovic began working for Monster as its senior vice president and global chief information officer in 2007 and was promoted to executive vice president in 2008. According to the complaint, Dejanovic signed nonsolicitation agreements when he joined the company and another when he was promoted in exchange for $1.2 million in stock options.
In August 2011 Dejanovic left his position at Monster for a new job with The Active Network, Inc. After his move, Dejanovic obtained Monster’s permission to solicit one Monster employee but, according to the complaint, then solicited two other employees who left monster in October 2011 without disclosing their future plans. These two employees are currently alleged to work for The Active Network.
The lawsuit seeks an injunction permanently barring Dejanovic from making further solicitations of Monster employees until August 2012, an order forcing Dejanovic to return his stock options, and attorney fees.
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