Information and communications technology service provider NEXION Group has sued its founders over allegations of contractual and confidentiality breaches.
Information and communications technology service provider NEXION Group has sued its founders over allegations of contractual and confidentiality breaches.
Perth-based Nexion Group has named Kingsley International, Read Tech, Global Executive Management, and its founders Paul Glass and Kevin Read as defendants in a writ lodged to the Supreme Court of Western Australia.
In the writ, Nexion alleged Mr Glass and Mr Read approached its clients for their own business Global Executive Management, trading as Trinity Networks.
The ASX-listed company claimed it suffered loss and damage, allegedly from breaches of confidentiality and two-year restraint-of-trade provisions.
Mr Glass was chief executive and managing director at Nexion while Mr Read was chief operating officer and alternative director at the company.
They started in November 2020 and left Nexion in early 2023.
Nexion signed consultancy services agreement with Mr Glass and his company Kingsley International and with Mr Read and his company Read Tach, according to the writ.
The writ said both agreements had contractual duties that continued after the termination in February 2023, namely over confidentiality and restraint of trade.
Nexion alleged, in the writ, that Mr Glass and Mr Read used Trinity Networks, a technology service business, to compete with Nexion, approach its clients with the intention of taking business, and use its customer base and pricing.
The company claimed this occurred a month after Mr Glass and Mr Read left the company.
Mr Glass told Business News that the allegations would be defended.
“Global Executive Management, established in July 2019, was disclosed to the board, ASIC and ASX as related parties to Paul Glass, Kevin Read, Kingsley International, and Read Tech in the IPO and subsequent annual/quarterly audits,” he said.
“Any allegations made against the aforementioned parties will be vigorously defended to the fullest extent.”
In the writ, Nexion claimed Trinity Networks knowingly induced the alleged breaches of contract.
Nexion alleged Mr Glass and Mr Read breached the agreements as sole directors of Trinity Networks, while Kingsley International and Read Tech were involved as its shareholders, the writ said.
Nexion claims, in the writ, common law and punitive damages, and injunctions against the defendants.
