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Certicom Corp.
Certicom Seeks Court Injunction to Stop Hostile Bid by RIM based on Breach of Non-Disclosure Agreements
January 10th, 2009
Certicom Corp. (TSX-CIC.TO) ("Certicom" or "the Company"), announced that it has applied to the Ontario Superior Court of Justice for an injunction to stop the $1.50 hostile take-over bid made by a wholly-owned subsidiary of Research in Motion Limited ("RIM"). Certicom will also be making an application to the OSC for an order to cease trade the RIM offer. In its application to the Court, Certicom contends that RIM's access to Certicom's confidential information and its use of that information in connection with RIM's $1.50 hostile takeover-bid contravenes non-disclosure agreements signed by RIM in 2007 and 2008 with Certicom. Access to this...
Source: Law & Health Weekly (2009-01-10)
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