AdaptHealth Says Linde Gets Restraining Order on Teufel Hiring
August 29 2023 - 10:49AM
Dow Jones News
By Colin Kellaher
AdaptHealth's new chief executive, Crispin Teufel, won't take
the reins until at least October amid efforts by his former
employer to block the move.
In a filing with the U.S. Securities and Exchange Commission,
AdaptHealth said a U.S. District Court issued a temporary
restraining order preventing Teufel from starting his employment
with the Plymouth Meeting, Pa., provider of home medical equipment,
supplies and related services until Oct. 15.
Linde, Teufel's former employer, last month sued the executive
and sought a court order stopping his move to AdaptHealth for an
unspecified period while the industrial-gas giant seeks protection
of confidential information and trade secrets.
AdaptHealth, which isn't named in the suit, said the court has
also scheduled a hearing for Oct. 18.
In the meantime, AdaptHealth said Richard Barasch, who had
stepped in as interim CEO on July 1 after the departure of Stephen
Griggs, has agreed to remain in the post through Oct. 31.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 29, 2023 10:34 ET (14:34 GMT)
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