Two long-running High Court cases in the United Kingdom between Specsavers Optical Group and four former joint-venture partners have been settled “on mutually satisfactory terms” before a decision could be reached, Optician reports.
The settlement marks the end of a case which began in November 2013.
Specsavers was taken to court after it issued purchase orders for nominal share values following alleged breaches of its shareholders agreement.
The company denied the allegations and brought a counter claim against the former joint-venture partners for alleged fraud and dishonesty. ...read more