Former executives sue Look Communications' parent for more than $13M

TORONTO – Two former executives of Unique Broadband Systems (UBS), the parent company of defunct Look Communications, are suing the company after being removed from office at a shareholders meeting earlier this month.Former CEO Gerald McGoey and chief technology consultant Alex Dolgonos are seeking $7.41 million and $6.015 million, respectively, in immediate termination payments under the terms of their services agreement. They have also asked that a deferred bonus award of $1.2 million, which UBS said was awarded to each of them on August 28, 2009, and a share appreciation rights cancellation payment of $600,000 and $330,000, respectively, plus interest, also...