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A US judge yesterday dismissed all charges in the case against strategy consulting heavyweights Bain & Company, brought by former Club Med chief executive Serge Trigano.
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| Consulting-Times E-zine
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Trigano had claimed that Bain leaked a negative report to a number of Club Med board members, in an attempt to undermine his position within the firm and have him replaced in 1997.
Trigano was seeking $20m+ in damages and $50m in punitive damages, expenses and legal fees. However, the case was dismissed after Judge Tauro ruled Trigano had failed to introduce enough evidence to support his allegation.
The news is a boost for Bain, having recently lost a case with the Italian consultancy Value Partners (www.valuepartners.com), who were awarded compensation of US$10m following a nineteen day trial in Boston. Bain were found to have engaged in unfair competition with Value Partners during the start-up phase of Bain’s San Paulo office in 1997.
Giorgio Rossi Cairo, MD of the Value Partners Group, commented at the time: "We are gratified that the jury in Bain’s hometown, after listening to the evidence for weeks, recognized the serious injury that Bain deliberately caused to Value Partners, by secretly arranging to hire our Brazil-based Partners and staff, obtain our confidential business information, and divert business."
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