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eSpatial settle Court Action against Acquis
25 October 2007, 7:23pm
October 25th, 2007 Dublin, Ireland - eSpatial, a global enterprise geospatial software and technology company today announced a settlement to its High Court action against Liam McGeown and Acquis Ltd.
Liam McGeown and Acquis acknowledge that they have breached the restrictive covenants contained in an Agreement between eSpatial and Liam McGeown, dated 17th July 2003, and in consideration thereof have agreed to make a payment to eSpatial in full and final settlement of its claim in the proceedings, inclusive of costs.
eSpatial brought legal action against Liam McGeown, a founder of the company, last year, three years after his departure from the firm.
Terms include acknowledgment by Acquis Ltd. and its CEO, Liam McGeown, that they had breached contractual covenants and will make a payment to eSpatial in full & final settlement
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