Eagle Technology, understood to be in the midst of sale talks, is being sued in the Auckland High Court by a former joint venture partner.
Integrated Learning Technologies (in receivership), has had a statement of claim against the company since December 1999.
Eagle founder Trevor Eagle, who died last December, his son and company general manager Craig Eagle, Eagle Technology Group, Advanced Certifications, chartered accountant Gerard Hulst and solicitors Clendon Feeney are named as defendants. A trial date has not been set.
In December 1997 Eagle Technology and Computer Training Services, which held the New Zealand franchise for computer training company New Horizons, formed Integrated Learning Technologies as a joint venture. Eagle Technology owned 51% with the remaining shares owned by CTSL. Tauranga-based consultant David Simpson, a director of CTSL, is one of the plaintiffs suing as Integrated Learning Technology (in receivership).
In December 1998 it was revealed that there were not enough funds to pay staff. Eagle Technology called in a receiver, paid the $95,000 payroll and bought the remaining shares off CTSL.
At the time of the buy-out an anonymous source told Computerworld that Eagle Technology had been trying to wind down the value of the Integrated Learning Technologies so it could pick up the shares for nothing. The source suggested that the company had been trying to increase rates to clients and that morale was low after seven people left.
Those claims were denied by Trevor Eagle, who told Computerworld there had been no thought of winding the company down, and that New Horizons was being pumped up. He said he had just put more capital into the company.
Craig Eagle was unavailable for comment on the case. Computerworld understands he is involved in negotiations for the sale of the company to GDC Communications.