The court has granted Marcus James, CEO of Access Financial Services, an injunction barring his chairman Brian Goldson and directors, Chris Berry and Gary Peart from directly or indirectly acquiring any more shares in the company.
The injunction prevents them from usurping Marcus James, who owns 46% of Access Financial, as the majority shareholder, at least until a judgement is made in a dispute between Mr James and members of the board.
The dispute stems from what the board members charge in a lawsuit is an unjust enrichment of Mr. James from renovation works done on the company’s headquarters.
The injunction also prevents the board from taking any action to reduce Mr James’ salary as CEO, or varying his powers in any way.
The injunction was granted Friday. No date has been set for the matter to be heard by the court.
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Court grants injunction in favour of Access Financial Services CEO
