(Reuters) – A commerce secrets and techniques lawsuit introduced by Canada’s Bombardier towards the plane unit of Mitsubishi Heavy Industries Ltd has been “stayed” or suspended and can be dropped when a deal for the Japanese firm to purchase Bombardier’s regional jet program closes, Mitsubishi stated on Tuesday.
Bombardier sued Mitsubishi Plane Company in October, alleging that former Bombardier workers had handed on commerce secrets and techniques to assist Mitsubishi’s oft-delayed regional jet undertaking.
On Tuesday, nonetheless, the 2 sides agreed that Mitsubishi would purchase Bombardier’s loss-making CRJ regional jet program.
“The (authorized) motion has been stayed in the intervening time and if and when the transaction closes the case can be dropped,” a Mitsubishi Heavy Industries consultant stated by electronic mail, in response to a Reuters question on the standing of the case.
“Immediately is solely the announcement of the definitive settlement. Future plans can be introduced as soon as the transaction is closed in early 2020,” the consultant added.
Reporting by Tim Hepher in Paris; Enhancing by Lisa Shumaker