Ocado co-founder settles with firm over information theft claim

Jonathan Faiman and Jon Hillary paid compensation and agreed to delete files, ending legal fight

One of the co-founders of Ocado has agreed to pay a settlement to the grocery delivery company after he admitted taking confidential documents when trying to set up a rival.

Jonathan Faiman and a former employee, Jon Hillary, paid a settlement and agreed to delete files, ending a bitter battle between Faiman and his former business partner and childhood friend, Ocado's chief executive, Tim Steiner.