The two-and-half-year court battle between the first and final owners of defunct WA-based reseller, Abacus Computers and Technology, has been dismissed.
The legal dispute began six months after Abacus’ former owner, Glenn Ford, sold his 26 year-old company, Abacus Computers and Technology, to Abdus Salam Aziz of Sanguine Technology in April 2007. As previously reported in ARN, Aziz accused Ford of misleading and deceptive conduct, alleging that Abacus’ operational figures were fudged and that he wasn’t informed about the loss of the company’s key dealership agreement with HP.
Under the judgement delivered in the Federal Court of Australia on March 25, Aziz is now required to pay $414,857, as well as all legal costs incurred by Ford and his current company, Abacus Calculators. Since the legal dispute, the six Abacus Computers and Technology stores have been shut down. Sanguine went into voluntary administration in July last year.
Ford, who still runs Abacus Calculators and his newer rental company, Abacus Rent I.T, expressed mixed emotions about the verdict, but said it was a relief to have the case dismissed.
“To end the way that it has with the closures of all the stores and Aziz out of business was really sad,” Ford said. “When he [Aziz] bought the business, he had a lot of good staff that went with it.
“The only winners out of this were the lawyers and the losers were some of the staff who were with the company for over 10 years, and the suppliers that got caught up in it.”