Cable / Telecom News

Look files claim against former executives


TORONTO – The legal battles continue to rage at the defunct Look Communications.The company said Wednesday that it has issued a statement of claim in the Ontario Superior Court of Justice against some of its former directors and officers in connection with the payment of approximately $20 million of "restructuring awards" in 2009.Former CEO and vice chair Gerald McGoey, former CFO Jason Redman, former CTO Alex Dolgonos, and former directors Michael Cytrynbaum, Stuart Smith and Scott Colbran plus their personal holding companies have all been named in the claim. They resigned en masse last summer, as Cartt.ca reported. Look's claim seeks...