VeloClub is CyclingTips’ membership program which brings us closer to our members, and connects likeminded cycling enthusiasts.
by Mark Zalewski
January 24, 2017
In today’s CyclingTips Daily News Digest: The Status of Women’s Cycling – Part 1: A Discussion with Iris Slappendel; British Cycling CEO steps-down earlier than expected; Nicole Cooke to give testimony to British Parliament committee; Promising British cyclocross racer passes away; Former U23 World Champion dies of heart attack; Thalita De Jong out of World Championships; Equal prize money for 2017 HSBC UK National Women’s Road Series; Boonen to ride disc brakes during final season; Sport doping documentary that began with cycling premieres at Sundance; Multiple lawsuits filed over new Lemond carbon fibre company; Wiggins says reality TV decision based on maintaining fitness; Telenet UCI World Cup Hoogerheide highlights; Backstage Pass – Tour Down Under final stages.
Less than half a year since forming a new composite company called LeMond Composites with carbon fibre pioneer Connie Jackson that featured a partnership with the US Department of Energy’s Oak Ridge National Laboratory (ORNL) in Tennessee, Greg Lemond’s company has fired Jackson, who was the CEO. As a result both sides have filed lawsuits.
Jackson, a minority shareholder in the company, was part of a team that invented at ORNL’s Carbon Fiber Technology Facility (CFTF) to reduce production costs by more than 50% relative to the lowest cost industrial grade carbon fibre, and reduces energy consumed during production by up to 60%.
The lawsuit alleges that she violated terms of an employment agreement — specifically that she failed to share production techniques that was agreed to upon formation of the company. Additionally the lawsuit claims she has since tried to hire away staff and has contacted investors in the company, which also violates terms of the agreement. The suit asks for the maximum damages of $50,000 and an injunction against her continuation of violating the agreement.
Jackson, along with her husband Jeffrey Jackson, who was also an employee, also filed a lawsuit against the company seeking $2 million in damages and a nullification of her non-compete clause, claiming she was fraudulently pressured into signing the employment agreement. The suit alleges Jeffrey was not paid $50,000 for work he performed for the company.
It also alleges the company secretly recorded her phone calls in a violation of the federal Wiretapping Act and that Greg Lemond misused company funds, including a trip to the 2016 Tour de France.
Click through to read more at Bicycle Retailer.