Atomos Settles US, Australian Legal Issues with Ex-CEO

MT Newswires Live

2024-09-13

Atomos Settles US, Australian Legal Issues with Ex-CEO

Atomos (ASX:AMS) settled its US and Australian legal cases with ex-Chief Executive Estelle McGechie via a confidential settlement payment, according to a Friday filing with the Australian bourse.

In September 2022, the video equipment manufacturer filed a legal proceeding against McGechie, claiming breach of a loan agreement.

Both parties agreed and entered the settlement and mutual release, with neither party admitting liability and releasing each other from all claims, the filing stated.

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