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TEN EX-EMPLOYEES SEEK $240M IN DAMAGES FROM NCR

Any advance on $240m? That is the ludicrous sum in damages being sought from NCR Corp by those 10 former employees who were given their cards after they were found to have been buying options in NCR shares: they feel thoroughly hard done by because they reckon that they acted only on published data on the company, and because although NCR did not come right out and accuse them of anything worse than poor judgement, it publicised the incident with suggestions of insider trading, making it a hot media story, and made it difficult for the Dayton 10 to persuade prospective future employers of their probity; for good measure, the 10 are also suing MIS Week and its parent Fairchild Publications, which is part of Capital Cities, which also owns the ABC TV network.

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CBR Staff Writer

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