Cygnal wins injunction against former executive

MARKHAM – Equipment supplier and network services company Cygnal Technologies today announced that it has been granted an interlocutory injunction prohibiting former Cygnal employee and director James Taylor and his new company from unfairly competing with Cygnal. Cygnal, while on its buying spree a few years ago, acquired Mr. Taylor's business, Integrated Cable Systems (ICS), for approximately $17 million in August, 2000. As a condition of the sale agreement, Taylor remained an employee of the company until his resignation effective March, 2004, and sat on the company's board of directors from 2000 until September 27, 2004. However, just five months...