Payzone ‘amicably’ settles legal dispute
Former Alphyra boss now wishes Payzone "every success", according to the terminals company
Print10 November 2008
Electronic payments firm Payzone has reported “amicably” settling a legal dispute with John Nagle, former chief executive of the company and John Williamson, former chief financial officer. However, a company spokesperson has declined to reveal any details of the settlement reached.
Mr Nagle’s firm, Alphyra merged with UK-listed cash machines operator, Cardpoint to form Payzone last November. The former boss and his chief financial officer lost their jobs in March by shareholder vote, following a public boardroom disagreement.
The men took legal action against the firm, while Mr Nagle, who owns 11% of Payzone, unsuccessfully initiated a motion to remove non-executive director David Mills from the board.
Payzone has said however that Mr Nagle and Mr Williamson have now wished the company “every success for the future.”
Related Articles
Eurospar Hartstown named as finalist for national Retail Excellence Awards →
Dunnes reclaims the title of Ireland’s top grocer →
BWG Foodservice wins silver at IQFA Awards →
Fans 0
Followers