WATERLOO, ON – Brick Brewing announced in a press release today that it has settled the legal proceedings commenced in June 2009 against founder Jim Brickman.
The original proceeding accused Brickman of treating Brick as a “private company wholly owned by him rather than as a public company with shareholders” during his tenure as Executive Chairman, which ended in December 2008. Brickman responded with a statement of defence in August 2009.
Under the terms of the agreement, the details of the settlement are to remain confidential.