PHOTON Group seems to have wasted little time in beating off the legal action launched by the vendor of one of its businesses, iMega, which claimed that he was owed millions more under earn-out agreements.
Barely a fortnight on from the action being filed in the Federal Court, complainant Ari Klinger and Photon's representatives agreed to have it dismissed, with each party bearing their own costs.
Photon has undergone a Herculean transformation in the past two years, removing its massive debt burden, and the threatened claim was yet another niggle that it did not need.
Interestingly, when Insider wrote about the case earlier this month, Klinger's lawyer was Shaye Chapman, who acted for another former iMega director, Janina Fabig, in a $4 million-plus claim a few years back.
The court file suggests that Klinger changed his legal representation just a few days later.
