3/11/2013 12:01:00 AM
NEWS BRIEF

Ex-CEO Joseph McAuliffe filed a lawsuit against Ferry Cap & Set Screw Co. after being reportedly fired for complaining about the CEO of a related company, the Lakewood Patch reported.
The wrongful termination suit alleges the situation began in 2011 when parent company Doncasters Group indicated interest in selling its fastener division. Ferry Cap and Nelson Stud Welding oversee the division.

McAuliffe claimed to find suspicious activity by Nelson Stud CEO Kenneth Caratelli that could impact Ferry Cap and Doncasters’ business.

Each party had signed confidentiality agreements.

After a financial analysis, McAuliffe expressed concerns to Bill Sickman, Doncasters’ human resources manager, “but was informed he was being fired for divulging Ferry Cap’s confidential information without the proper authorization,” according to the Lakewood Patch. ©2013 GlobalFastenerNews.com

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