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The CallPlus Battle Ready To Go To Court

•  Headline News     updated  2008/03/31 09:24

A High Court decision has cleared the way for a legal fight between CallPlus founders Annette Presley and Malcolm Dick to go ahead.

A decision by Justice Helen Winkelmann in Auckland yesterday cleared the way for a hearing on behalf of CallPlus against Mr Dick for breach of fiduciary duty, The New Zealand Herald reported today.

The action involves new venture 2Talk, formed by Mr Dick and CallPlus chief executive Martin Wylie late last year without Ms Presley's knowledge.

Ms Presley claims Mr Dick and Mr Wylie breached their duties as directors by using CallPlus resources and employees to establish a business in competition with CallPlus.

Mr Dick contends CallPlus assets weren't used by 2Talk and CallPlus was set to benefit from an option agreement which could see 2Talk ownership transfer to CallPlus in 18 months.

In her judgment, Justice Winkelmann said a prudent business person would pursue action and leave should be granted.

Since legal proceedings began in July, the shareholding of 2Talk has been restructured and the legal action now involves only Mr Dick, the Herald said.


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