Monday, May 18, 2009

Business Espionage - Spying on the Board

French car-parts maker Valeo SA said it had sued an unidentified person it says secretly recorded some board-member meetings and separately said it would try to recover €3.2 million ($4.3 million) in severance from ousted Chairman and Chief Executive Thierry Morin.

The suit, filed with a Paris court, identifies the person responsible for the recordings only as "X." Under French law, a suit can be filed without publicly identifying the accused. However, a person familiar with the matter said the company believed Mr. Morin was responsible for making the recordings. Telephone calls to Mr. Morin weren't returned Monday...

French radio station RTL last month reported that Mr. Morin had installed sophisticated recording technology in the boardroom, allowing him to eavesdrop on meetings from which he was excluded and at which he was discussed. (more)