BJ Invest sues Hi-Media for mismanagement, wants CEO out

Tuesday 5 April 2016 | 23:20 CET | News
Investment fund BJ Invest and its founder, Benjamin Jayet,who hold 13.26 percent combined in French online advertising group Hi-Media, are suing Hi-Media CEO Cyril Zimmermann in commercial court, reports Les Echos. BJ Invest seeks damages for two board decisions that allegedly harmed Hi-Media and its subsidiary Hi-Pay. It calls for Zimmermann to be voted out of his post at Hi-Media's AGM in May. 

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Categories: Mobile & Wireless
Companies: Hi-media
Countries: Europe / France
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