Mobi Limited (ASX:MBI) announced that they have settled their heated legal battle with former employee Garry Sholl.
Sholl had been the founder of Sholl Communications, a fully-owned subsidiary of Mobi. When Mobi fired Sholl in April, citing financial irregularities, Sholl struck back and sued for wrongful dismissal.
The settlement details are confidential, but Mobi stated that the payment Sholl received did not exceed the amount specified in his employment contract.
Both parties have also promised not to initiate any further legal action against each other.