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Oakton sues Tenix for terminating contract

Oakton sues Tenix for terminating contract

Software and services company Oakton Limited (ASX:OKN) has filed suit against Tenix Solutions in Victoria’s Supreme Court, seeking $12 million in damages.

Oakton, which has initiated the lawsuit through subsidiary Oakton Services, alleges that Tenix improperly revoked a subcontract to design software for an information management and enforcement system Tenix is developing.

The damages claim includes the $8.5 million value of the contract, as well as delay and working claims costs, legal fees and interest.

Tenix is developing the infringement management system for the state of Victoria.

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Tags contract disputeOaktontenixbusiness dealscourt action

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