Motorola this week dropped a lawsuit that it had filed against Advanced Micro Devices (AMD) President and Chief Operating Officer Hector de J. Ruiz, and Ruiz has dropped his countersuit against Motorola, AMD confirmed Friday.
Ruiz joined AMD from Motorola in January of last year. Several employees followed Ruiz to AMD in the following months, including AMD's senior vice president and chief financial officer, Robert J. Rivet, who had previously answered to Ruiz at Motorola. The hiring of Rivet was apparently the straw that broke Motorola's back, and the company charged that Ruiz had violated an agreement involving a six-figure payment for which he had promised not to hire away Motorola executives.
Motorola filed suit against Ruiz in September in a Travis County, Texas, court, attempting to get back the six-figure payment. In return, Ruiz filed a countersuit charging Motorola with libel, slander, and defamation.
Both parties dropped their suits this week, AMD spokesman John Greenagel confirmed Friday. The companies agreed not to discuss terms of the settlement as part of the agreement, Greenagel said.