Utah entrepreneur Josh James, Adobe settle lawsuit
Omniture cofounder and former CEO Josh James and Adobe Systems Inc., which bought that company in 2009, have settled a lawsuit over James' sudden departure after clashing with Adobe CEO Shantanu Narayen.
Terms of the settlement announced Friday were not disclosed.
"Adobe, Josh James, and Domo are pleased to announce that they have reached an agreement to end the dispute and resulting litigation between them," the two sides said in a statement released by James' current company, Domo Inc. "The terms are confidential, and will result in continuing obligations between the parties."
James became senior vice president of Adobe after the California-based company bought Omniture in 2009. But he left abruptly nine months later in July of 2010. In December of that year James and Adobe sued each other.
The dispute centers on whether James was violating a noncompete clause in his contract and improperly trying to lure away Omniture employees to his new company. James had claimed in the lawsuit in California that Adobe was trying to interfere with his operation of a new company that eventually became Domo.
Adobe's lawsuit in Utah against James was dismissed, but James' suit against Adobe has been pending in a California court.