TCR Environmental, the Aylmer, Ontario-based garbage processing company, has lost a civil lawsuit and countersuit that was heard in front of the province’s Superior Court of Justice. TCR founders Tony Hermans and his son Jack Hermans brought the action against the company. Tony Hermans recently passed away but his estate continued the action. (See SW&R cover story, December/January 1999/2000 edition.) The judge agreed with the Hermans that the company breached the men’s employment contracts and withheld shares and stock options rightfully owned by them. The judge dismissed TCR’s counter claim as being without merit and ordered the company to return to the plaintiffs shares held for them in an escrow account. TCR must also pay a total of $240,000 for breach of the employment contracts and $80,000 for breach of the agreement to pay for shares and stock options.
The full text of the judge’s 30- page decision is posted at www.solid wastemag.com