Court dismisses Seven complaint against Ten

Court dismisses Seven complaint against Ten

Ten Network Holdings (ASX:TEN) said it has successfully defended a court claim accusing the company of improperly poaching former Seven Group (ASX:SVW) executive James Warburton to become its CEO.

The NSW Supreme Court has dismissed the case submitted by Seven and has ordered Seven to pay Ten's legal costs on a full indemnity basis.

Warburton will now become CEO of Ten on-schedule on July 14.

But Seven's case against Warburton himself, alleging post-employment constraints prevent him from immediately working for a rival, is still before the court.

Warburton has meanwhile reportedly filed a counter-claim against Seven, alleging wrongful termination and seeking damages.

TEN shares increased 1.53% on Friday to $1.325. SVW shares grew 0.78% to $9.060.

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Tags court actionTen NetworkASX:TENASX:SVWSeven GroupJames Warburton

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