Monday 23 April 2018

Injunction action against aviation executives resolved

Injunction proceedings were struck out yesterday.. Stock picture: Getty Images
Injunction proceedings were struck out yesterday.. Stock picture: Getty Images

Aodhan O Faolain

High Court injunction proceedings brought by an aviation leasing group of companies against three of its former executives, including Ryanair non-executive director Howard Millar, have been resolved but the main action remains active.

The injunctions had been sought by a group of companies - which include Stellwagen Capital, Seraph Aviation Management and Guardian Holdings - against Mr Millar, who's the former Stellwagen Group chief financial officer, and two other directors, Edward Coughlan and Edward Hansom. Ed Coughlan was the chief commercial officer at Stellwagen's Dublin-based Seraph Aviation Management unit. Ed Hansom was the chief risk officer at Seraph.

The Irish and US-based aviation leasing group claims the three men had been trying to set up a rival $100m (€85m) company using confidential information taken from their former employer.

It's been alleged that since their resignations in September, the trio have engaged in the unlawful and clandestine misuse of confidential information acquired during their employment.

Last month, the company obtained temporary High Court orders preventing the three defendants from using, disposing or dealing with confidential information, and requiring them to comply with non-compete and non-solicitation clauses in their contracts.

The three, who deny any wrongdoing, had opposed the group's application to have the injunction remain in place until the full hearing of the dispute.

The injunction proceedings were struck out yesterday.

The previous order was also vacated after certain undertakings were offered by the defendants.

Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business