Shareholder who is also director sues over claimed attempt to to ‘exclude me from the company’
A dispute involving the shareholders and directors of the pharmacy solutions business Navi Group has come before the High Court. Photograph: Bryan O’Brien/The Irish TimesA dispute involving the shareholders and directors of the pharmacy solutions business Navi Group has come before the High Court.The group has grown over the years and had a turnover of €33.65 million in 2022. It has over 500 customers.
His action is against the owner of the other 75 per cent of the shares: Fontill Pharmaceuticals Limited, and that entity’s beneficial owner: Co Kildare-based businessman John Carroll, who is also a director and chief executive of Navicorp. He claims the removal from his position and the termination of his employment were carried out for the benefit of Mr Carroll. He says these were done in breach of his contract of employment and amount to his wrongful dismissal.
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