U.S.-owned AIM-listed securities company

December 31, 2009

Acting for a US owned AIM listed securities company in connection with the termination of one of its senior employees and directors. During the course of "without prejudice" correspondence we alleged that our client had been blackmailed for a sum in excess of £180,000 with threats by our client's employee that he would seek to damage our client's reputation in the press unless he was paid. We asserted that privilege in the "without prejudice" letter from the employee's solicitors had been lost, that blackmail was an act of gross misconduct and invited the employee to a disciplinary meeting. As a result we achieved a settlement of the employee's claims on terms favourable to our client.
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