Revez sues ex-staff over alleged breaches of contract, conspiracy to injure subsidiary

CATALIST-LISTED Revez Corp and its subsidiary Revez Motion (RM) have commenced a lawsuit in the High Court against seven former employees and a company called Zing Experiential Studio.

Revez and RM are advancing claims against the group for alleged breaches of contract, which include breaches of confidentiality, non-solicitation and non-compete obligations, the company said in a bourse filing on Thursday (Aug 17).

The claims also involve allegations of breaches of duties and a conspiracy to injure RM, with the wrongdoings carried out via Zing.

The seven ex-employees are: Lee Han Chong, Wayne; Vanessa Chan Sing Nee; Toh Jing Si, Joan; Aw Ning Hui; Khoo Ka Shing; Koh Ee Lin and Wong Yee Xuan.

Back in June, Revez disclosed in a bourse filing that certain ex-employees incorporated a competing business on Feb 16, which was in direct competition with RM. It did not specify the names of the former staff nor their company at that time.

“While these parties were still under RM’s employment, they took steps to usurp RM’s customers and business opportunities for the benefit of the competing company. They withheld developments in existing business opportunities and concealed new business opportunities from the management and directors of RM,” Revez alleged in its June filing.

The management of RM suspected that the individuals continued to solicit RM’s customers, business opportunities and employees to the competing company, after the end of the employment with the group. Revez had then issued letters of demand to the parties.

In its latest update, Revez said investigations on the alleged breaches are still ongoing. The company and RM have also decided not to commit openly to any quantum of the damages allegedly caused by the breaches, citing legal strategy.

“The directors of RM maintain that, save for the specific instances for which the parties have breached their obligations, RM’s business and operations have not been significantly affected,” it added.

SEE ALSO

Revez Corp receives mandatory offer at 3.06 cents per share

Revez shares ended flat at S$0.12 on Thursday.