Former President Takes SWMX To Arbitration
September 18, 2006 at 6:55 AM (PT)
ALL ACCESS has confirmed that former SWMX President CHARLES OMPHALIUS is taking the company to arbitration after his AUGUST firing. The ad sales trading/management company's latest 8-K filing at the SEC says that an unnamed former officer has "commenced an arbitration proceeding... elleging (sic) that he is due compensation and benefits in connection with his termination pursuant to his employment agreement with the Company. As the arbitration is in the very early stages, the Company is unable to predict the outcome, however, the Company believes it has a meritorious defense to these claims and intends to vigorously defend itself."
COO BILL FIGENSHU has been handling many of OMPHALIUS' former duties since the termination.