00:31:03 EDT Thu 20 Sep 2018
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Destiny Media Technologies Inc
Symbol C : DSY
Shares Issued 52,993,874
Close 2017-10-02 C$ 0.20
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Destiny Media denies wrongdoing in Vestergaard firing

2017-10-06 10:45 ET - Street Wire

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by Mike Caswell

Destiny Media Technologies Inc. says that it fired its former president, Steven Vestergaard, after he devoted too much of Destiny's time and resources to running his personal businesses. He was regularly absent from work and was unavailable to manage the company's employees. He also employed a romantic partner at Destiny without disclosing the relationship, the company says.

The statements from Destiny come in response to a wrongful dismissal lawsuit that Mr. Vestergaard filed against the company on Sept. 5, 2017. He claimed that the company's board conspired to remove him as president and sought damages based on his $260,000-per-year salary. He also said that the company defamed him in a regulatory filing that implied he was dishonest and incompetent.

Steven Vestergaard
Steven Vestergaard

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