Richard Branson's Virgin Group Accused of Pirating
Former Norwegian Cruise Line CEO Colin Veitch has filed suit against Richard Branson for $300 million claiming that Virgin essentially stole his ideas and business plans to enter the lucrative luxury cruise industry by building a pair of state-of-the-art ships capable of carrying 4,200 passengers each. Veitch claims he planned the start-up operation, lined up financing to build the first ship and worked out a tentative commitment with a German shipyard, according to an article by Curt Anderson, legal affairs writer for the Associated Press. Veitch was CEO of Norwegian from 2000 to 2008.
