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Mar 27 2008

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Aconex twist = non-event

Further to my recent post about reopened legal proceedings involving Australian-based collaboration technology vendor Aconex and its two joint MDs, it seems that last week’s hearing was a bit of a non-event.

After the hearing on 19 March, the Notice of Motion filed by Aconex shareholder Hawthorn Glen on 27 February 2008 was dismissed, but any decision on costs relating to the Notice of Motion was reserved. On the face of it, it looks like neither side came away smiling and that we will have to continue to wait for the full judgement to finally lay this dispute to rest (in the meantime, of course, this additional hearing will no doubt have added a few more dollars to the legal expenses already incurred by Aconex).

Permanent link to this article: http://extranetevolution.com/2008/03/aconex-shares-1/

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