Dyson sues former CEO Max Conze

Dyson is suing former CEO Max Conze for allegedly revealing confidential information, including on the company’s plan to expand into the electric car market, according to Bloomberg.Conze is being sued by the company over alleged contract breaches when he left the vacuum cleaner maker in October. Conze allegedly shared information regarding the electric car among other ongoing projects, according to the person, who asked not to be identified because the allegations haven’t been detailed in the court filings.A Dyson spokesman confirmed the lawsuit.A spokesman for the company said: "The Dyson board has decided to bring a claim against Max Conze at the High Court of Justice in London in relation to his actions while chief executive including the disclosure of confidential information, and a breach of his fiduciary duties."On the other hand, the former CEO denies the allegations.“This ridiculous allegation is merely trying to distract attention from the claims that Dyson know I am about to issue,” he said in a statement. Dyson’s sales and profits tripled during his six years in charge, he added.Conze was appointed to the role in 2011 after a stint running Dyson's US business.His period as chief executive coincided with a huge increase in sales of Dyson's products. Profits at the vacuum cleaner and air purifier maker rose 41% last year to £631m.However, Conze stepped down suddenly in October after six years as chief executive. Dyson then announced the promotion of Jim Rowan from the positon of chief operating officer to chief executive officer.