Settlement agreement in doubt in case involving CEO’s alleged use of company money on girlfriends, court hears
The Independent
A High Court employment dispute settlement is jeopardized due to a new version of the agreement signed by the defendant's principal.Summary
The settlement in a High Court employment dispute concerning allegations that a CEO misused company funds on girlfriends may collapse. The case originally claimed the CEO used firm resources to provide housing and employment for women allegedly found through illicit websites. Mr. Justice Brian Cregan was informed that a new version of the settlement agreement had been signed by the principal of the defendants, potentially derailing the previously agreed-upon terms. The dispute had been set for settlement and had been repeatedly adjourned to allow for implementation of the agreement, but this new development casts doubt on its finalization.
(Source：The Independent)