Litigation Update (9358T)
14 Décembre 2011 - 8:00AM
UK Regulatory
TIDMIMTK
RNS Number : 9358T
Imaginatik PLC
14 December 2011
14 December 2011
Imaginatik plc
("Imaginatik" or the "Company")
Litigation Update
Imaginatik plc (AIM: IMTK), a leading provider of enterprise
innovation services including a range of technology products and
consultancy announces a cost order in favour of the Company in
connection with the successful litigation against its former CEO,
Mark Turrell.
Further to the announcement made on 13 December 2011 regarding
the outcome of litigation between the Company, Mr Cooper, the
Executive Chairman, and Mr Turrell, the Company is pleased to
announce that Tugendhat J has ordered that Mr Turrell be liable to
the Company and Mr Cooper for their legal costs on the indemnity
basis. Such costs will be subject to the assessment process should
a suitable agreement not be reached by the parties. In the
meantime, Mr Turrell has been ordered to pay to the Company and Mr
Cooper by 26 December 2011 an aggregate initial sum of
GBP163,472.05 on account of their costs.
Matt Cooper, Executive Chairman of Imaginatik, commented, "The
Judge's order on costs is further vindication of the Company's
decision to pursue Mr Turrell given his appalling conduct towards
the Company over the past year or so. We now look forward to
receiving in full the damages and costs that Mr Turrell has been
ordered to pay, and shall seek enforcement proceedings against him
if payment is not forthcoming."
For further information please contact:
Imaginatik plc Tel: 020 7917 2975
Matt Cooper, Executive Chairman /
Shawn Taylor, CFO
Northland Capital Partners Limited Tel: 020 7796 8800
Gavin Burnell/Edward Hutton
Threadneedle Communications Tel: 020 7653 9850
Caroline Evans-Jones / Hilary Millar
About Imaginatik
Imaginatik provides Innovation and Idea management solutions
comprised of consultancy, software and program management to
deliver innovation outcomes to companies such as The Chubb Group of
Insurance Companies, Boeing, Pfizer, Goodyear, Paccar, Kellogg and
Cargill. Few companies possess the internal capability to
consistently generate fresh ideas, identify those worth pursuing
and reliably transform them into real, value-enhancing assets. This
is Imaginatik's area of expertise.
Imaginatik is a public company whose shares are traded on the
AIM market of the London Stock Exchange (LSE:IMTK.L) and a World
Economic Forum Technology Pioneer with offices in Boston, MA, and
London. In 2009, Imaginatik was named as one of the 500 fastest
growing technology companies in the EMEA region by Deloitte. For
more information visit www.imaginatik.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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