Nucor settles lawsuit against SeverCorr and John Bell
Nucor Corporation has settled its pending lawsuit against
former employee John Bell and SeverCorr. The lawsuit
was brought by Nucor in Federal Court in South Carolina
to protect Nucor against the theft of its confidential
information when Bell left Nucor to join SeverCorr.
Under the terms of the settlement, the Court has entered
an order extending the injunction it previously entered
in Nucor’s favor on March 14, 2008. The order prohibits
Bell, and SeverCorr, from using the services of Bell
in the preparation or manufacturing of interstitial free
and ultra-low carbon steels. The court-ordered prohibition
will remain in place until June 2009.
In addition, the new order prohibits SeverCorr from producing,
qualifying, promoting or marketing any ability to produce
and sell interstitial free and ultra low carbon steels
to prospective or actual customers. The order will remain
in place until at least September 2009.