Now resolved it seems from Chairman's speech today: "As previously announced, JSB Lighting initiated proceedings in the Federal Court against Mathew Carey, a former senior sales representative, his associated company BFD Lighting, as well as the former CEO of JSB, Dudley Hewitt, and the former CFO of HGL, Andrew Whittles.For personal use onlyThe proceedings related to the respondents’ individual and collective conduct in establishing a competing business in circumstances where, it was alleged, they acted in breach of fiduciary duties to JSB, tortious interference with contractual relations, breaches of employment contracts and of duties under the Corporations Act.HGL agreed to participate in mediation in December 2018 and entered into a deed of settlement and release with the respondents with confidential terms." Good to resolve, but I wonder what the terms were???!
HNG Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
