Descartes Obtains Permanent Injunctions Against Celarix, Company Founder and Certain Management Team Members.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--May 2, 2002 The Descartes Systems Group Inc., (Nasdaq:DSGX), (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG), a trusted provider of logistics solutions, today announced that the Company has reached a settlement in its legal proceedings against Celarix, Inc. and several of its employees. Descartes' claims included misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of trade secrets, unfair trade practices, breach of confidentiality, breach of contract and intentional interference with contractual relations Intentional interference with contractual relations is a common law tort that applies to an activity or activities that causes a damage to contractual relations between parties. . Under the terms of the settlement, Descartes has obtained permanent injunctions against Celarix and several of its senior management team, including Celarix's former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and founder, its chief technology officer and its vice president of professional services, who is a former Descartes employee. Celarix has also made a cash payment to Descartes. In addition, Celarix terminated another former Descartes employee during the course of the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . Descartes' chairman and co-chief executive officer, Peter Schwartz, said: "We take the protection of our intellectual property and our contractual relations seriously and where necessary we will take decisive action to protect ourselves against what we believe to be wrongful conduct. We have done that in this instance and are satisfied with the result." As a condition of the settlement, neither Celarix nor any of the individual defendants have admitted to any wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do .About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSE:DSG) is a trusted provider of logistics management technology. With over 4,000 customers in over 60 countries, Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations such as Coca-Cola bottlers worldwide, Comet Group plc Comet, founded in 1933 by George Hollingberry in Hull as Comet Battery Stores Limited, is now a wholly owned subsidiary of KESA Electricals plc specialising in electrical retailing. In 2003, Comet demerged from Kingfisher plc to form a new group under the KESA umbrella. , CVS/pharmacy, Danzas, Gist, John Lewis Partnership, Mitsui USA, and Old Dominion. For more information, visit www.descartes.com. THE DESCARTES SYSTEMS GROUP INC. CORPORATE HEADQUARTERS 120 RANDALL DRIVE, WATERLOO, ONTARIO, CANADA, N2V 1C6 TEL: (519) 746-8110 * FAX: (519) 747-0082 E-MAIL: info@descartes.com |
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