RE:Jamais vu çaDo you know if this has been resolved?
May 30, 2014 08:00 ET
Neptune, Acasti and NeuroBioPharm Announce Litigation Regarding its Former Chief Executive Officer
LAVAL, QUBEC--(Marketwired - May 30, 2014) - Neptune Technologies & Bioressources Inc. ("Neptune") (TSX:NTB)(NASDAQ:NEPT), Acasti Pharma Inc. ("Acasti") (TSX VENTURE:APO)(NASDAQ:ACST) and NeuroBioPharm Inc. ("NeuroBio") today jointly announce that Henri Harland, the former President and Chief Executive Officer of each of Neptune, Acasti and NeuroBio, has filed a lawsuit against Neptune and its subsidiaries in connection with his departure as President and Chief Executive Officer of each of Neptune, Acasti and NeuroBio. Mr. Harland resigned as President and Chief Executive Officer of Neptune, Acasti and NeuroBio on April 28, 2014.
Among other things, Mr. Harland is alleging that his resignation occurred as a result of a constructive dismissal and is seeking approximately $8.5 million in damages, interest and costs. In addition, Mr. Harland is seeking from Neptune, Acasti and NeuroBio, as applicable, the issuance of 500,000 shares of each of Neptune, Acasti and NeuroBio as well as two blocks of 1,000,000 call options each on the shares held by Neptune in Acasti and NeuroBio. Neptune and its subsidiaries believe the claim as formulated to be without merit or cause, will vigorously defend this lawsuit and will take any steps necessary to protect their interests. As a result of these circumstances, Mr. Harland has been requested to resign as Director.