Virgin Group Settles Lawsuit That Claimed Its Cruise Line Plan Was Stolen

Hannah Sampson

January 28th, 2016 at 5:30 AM EST

Photo Credit: The former CEO of Norwegian Cruise Line has reached a settlement in his lawsuit against Virgin Group. Virgin Cruises

Skift Take

The $300 million lawsuit has drawn attention from Virgin's plans to "make waves" in the cruise industry. Now the focus will shift to whether Virgin Cruises can deliver on that promise.

Richard Branson's Virgin Group has settled a $300 million lawsuit filed by former Norwegian Cruise Line CEO Colin Veitch, who claimed the billionaire entrepreneur's foray into the cruise industry was built on stolen ideas. The parties gave notice of the settlement Monday, about 10 months after Veitch filed the suit in federal court in Miami alleging misappropriation of a business plan that he had presented to Virgin. Veit

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