According to latest media reports, the former CEO of Norwegian Cruise Line sued Richard Branson’s Virgin Group in federal court in Miami for $300 million for allegedly copying his ideas and business plans.
As reports indicate, the claim by Colin Veitch, cases that Virgin ripped him out of a joint venture to break into the business with enormous boats fit for carrying a large number of travelers and operating as floating resorts.
In the grievance, Veitch blames Virgin for rupture of agreement after he said they consented to partnership bargain that would net him about $315 million over 10 years.
Virgin is a leading international investment group and operating in more than 50 countries with over 50,000 employees. The company has successful businesses in sectors ranging from mobile telephony, travel, financial services, leisure holidays and health.
