against Mr. Miller and Future Electronics in February. Some 30 women have provided sworn affidavits in that suit, alleging Mr. Miller gave them cash, jewellery and other gifts in exchange for sex when they were underage, according to the firm.
The class-action application, which must still be certified by a judge, has been amended to include two business associates of Mr. Miller as defendants. Two other lawsuits against Mr. Miller related to alleged sexual exploitation of minors have also been filed. “The decision at that point was to separate Mr. Miller from the company,” Mr. Singerman said. This included the launch of a formal sale process. The founder made that call “in the best interest of the employees and the business model that’s been built over 55 years,” Mr. Singerman added.
Mr. Miller founded Future Electronics in 1968 and has kept a low profile since, refusing most interview requests from journalists even as the company ballooned in size. The business publication Forbes pegged his fortune at US$1.8-billion in this year’s edition of its World’s Billionaires List, which featured one of the few known published photographs of the media-shy businessman.microprocessors and capacitors, now has some 5,200 employees working in 47 countries.it generated revenues of US$2.