This time around it has won judgment against Trevor Wheatley, a former employee of a company it acquired in 1995, requiring him to honour an agreement not to start up a competing business. Since the agreement expires in five months, the legal action seems a little pointless. Unless the aim was to divert attention from Mr Wheatley's claim for wrongful dismissal. Or unless Emerson has a few too many lawyers on its board.Reuse content
SUBTLETY IS NOT Emerson Electric's strong point. The US firm last hit the headlines for the strong-arm methods it employed to buy out the minority shareholders in Astec BSR. The tactic was simple if brutal: agree to be bought out at the market price or watch as we slash the dividend. The case went to court and Emerson won.