WATERLOO, ON – Brick Brewing announced today that they have commenced legal proceedings in the Ontario Superior Court of Justice against brewery founder Jim Brickman, alleging that he “committed wrongs against the Corporation for several years and caused the Corporation significant damages.” The lawsuit claims damages in excess of $1 million.
In a statement, Brick Brewing president and CEO George Croft said “It is most unfortunate that this has come to light. The Board of Directors is very disappointed, but must act according to its duties and obligations, and pursue this matter on behalf of all Brick Brewing shareholders.”
Brickman departed his role as Executive Chairman in December 2008 and resigned from the Board of Directors in February 2009.
UPDATE: The Globe & Mail has published an article with more details on the lawsuit and the allegations it contains.