Magic Leap has “resolved its dispute” with the global security director it had targeted in a lawsuit.
The lawsuit, filed Feb. 28 in the U.S. District Court in the Eastern District of Texas, asserted that Todd Keil tried to “extort millions of dollars” by threatening to make legal claims against the Plantation-based company.
A statement issued Monday night through a New York public relations firm stated: “Magic Leap and Todd Keil have resolved their dispute. Magic Leap and Mr. Keil each thank the other for working collaboratively to accomplish this resolution and each wishes the other well in all future endeavors.”
Magic Leap spokeswoman Julia Gaynor confirmed the statement but declined to comment further.
Keil, who resides in Texas and no longer works at Magic Leap, said he couldn’t discuss the settlement. “I would love to talk about it, but I signed a nondisclosure agreement,” he said.
The company alleged that Keil had demanded millions from Magic Leap in exchange for not publicly filing “whistleblower claims” that included alleged illegal conduct concerning competitor Microsoft’s HoloLens device, a virtual reality headset that’s already on the market.
The lawsuit said Keil, described as “senior global security director,” was making “false claims” concerning HoloLens developer testing devices being delivered to Magic Leap’s offices. In the lawsuit, Magic Leap said it had “confiscated” the devices and returned them to Microsoft.
Magic Leap, a secretive company founded in 2011 and led by Rony Abovitz, expects to release its first product, a wearable computer called Magic Leap One, later this year.
The Keil case wasn’t the first time Magic Leap has filed a lawsuit against an employee.
In August, Magic Leap came to a “confidential agreement” in a lawsuit against former California executives Gary Bradski and Adrian Kaehler, and Robotics Actual, even though a California federal judge had dismissed the case. Bradski and Kaehler had also filed a wrongful termination lawsuit against Magic Leap.
Magic Leap has become one Broward County’s largest private employers. Its lawsuit against Keil stated that the company employs 1,400 people worldwide. Magic Leap has topped venture capital lists in Florida by raising about $2 billion in financing from companies including Google and Chinese e-commerce company Alibaba. In early March, Magic Leap announced it had raised $461 million from Saudi Arabia investors.