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Brunswick and Outboard Marine Settle Litigation
12:43 p.m. Oct 02, 1997 Eastern
LAKE FOREST, Ill., Oct. 2 /PRNewswire/ -- Brunswick Corporation (NYSE: BC), Outboard Marine Corporation and David D. Jones, Jr. jointly announced today the settlement of the litigation commenced last week concerning OMC's hiring of Mr. Jones to serve as its president and chief executive officer.
Mr. Jones and OMC filed the action seeking an adjudication with respect to the applicability of the Illinois Trade Secrets Act to the hiring of Mr. Jones by OMC. The parties have resolved this issue on terms acceptable to both Brunswick and OMC.
Headquartered in Lake Forest, Illinois, Brunswick is a multinational company serving outdoor and indoor active recreation markets with consumer products that include such leading brands as Zebco and Quantum fishing reels and reel/rod combinations; American Camper and Remington camping gear; Igloo coolers and ice chests; Mongoose, Roadmaster and Ride Hard bicycles; Brunswick bowling and family entertainment centers, equipment and consumer products; Brunswick billiards tables; Life Fitness cardiovascular and strength training equipment; Sea Ray, Bayliner and Maxum pleasure boats, Baja high-performance boats, Boston Whaler and Trophy offshore fishing boats; Mercury, Mariner and Force outboard engines and MerCruiser sterndrives and inboard engines. SOURCE Brunswick Corporation
Copyright 1997, PR Newswire