In the latest twist to what has already been a rapidly advancing story, Safestyle has announced that it has filed a legal claim against Safeglaze. Given that this is now going legal, care has to be taken on what is said on here about this.
So, I shall be sticking firmly to what was said in the statement, which was published on their Plc website.
This is what has been published on their site as of the 21st May:
Safestyle UK PLC today issued a claim seeking injunctive relief and damages against NIAMAC Developments Ltd (trading as Safeglaze UK) and a number of named individuals. The claim is made in the Business and Property Courts of England & Wales, on the Intellectual Property list.
The claim asks the Court to determine whether Safestyle is entitled to injunctive relief and damages from what the Group considers to be passing off, the misuse of confidential information, unlawful means conspiracy and malicious falsehood. Safestyle is also applying for urgent interim relief, pending the trial of this matter.
Safestyle, the leading retailer and manufacturer of uPVC replacement windows and doors to the UK homeowner market, has invested heavily in building its leading market position over many years. The Group welcomes healthy competition in the market, but is committed to protecting its brand, its reputation, and its staff.
A further announcement will be made in due course.
I will be keeping an eye on their site to see if any further statements are indeed made in the next few days. The share price moved very little on the back of this news, settling at 60.75p per share, very much within a very tight range that it has traded in within the last few weeks.
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