UBS launches counterclaims against former executives

TORONTO – Look Communications’ parent Unique Broadband Systems (UBS) has fired back at its former executives who are suing the company.UBS said that it has issued statements of defence and counterclaim with the Ontario Superior Court of Justice against former CEO Gerald McGoey and chief technology consultant Alex Dolgonos. The two announced in July that they are suing the company for more than $13 million after being removed from office at a shareholders meeting, as Cartt.ca reported. "UBS regrets the actions of Messrs McGoey and Dolgonos to seek an additional $13 million from UBS and intends to vigorously defend the...