Friday, April 29, 2011

Ex-drug company boss sues over dismissal - ABC News (Australian Broadcasting Corporation)

The former general manager of Pan Pharmaceuticals is seeking $1 million in damages, claiming he was wrongfully dismissed.

The Pan Pharmaceuticals board terminated John Brennan's contract in 2003, soon after the Therapeutic Goods Administration ordered a massive recall of the company's products because of concerns about their safety.

Doctor Brennan has today sought leave in the New South Wales Supreme Court to sue Pan's liquidator, McGrath Nicol, for $1 million in damages, saying he was wrongfully dismissed.

The deadline for the claim to be made has long passed, but his lawyer says it has taken so long to make the application because of the difficulty of accessing key documents and the court should hear the claim.

The Federal Government recently agreed to pay $67.5 million to shareholders and retailers who lost money when the company collapsed.

Posted via email from Jack's posterous

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