Days after announcing an earnings downgrade last month, embattled tech giant Nuix ditched the first half of its defence against a multimillion-dollar damages claim by its former CEO Eddie Sheehy.
In his first public statement on Nuix since he left the company in 2017 Mr Sheehy confirmed his damages claim could run to more than $200 million and said, “Where is Nuix going to find the funds to pay me?”
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Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au
