The chief executive of travel software firm Datalex threatened the company’s own chairman with legal proceedings as its share price collapsed at the start of this year, The Irish Times has learned. Mr Taggart complied with the request. The disagreement between the two most senior figures at the firm occurred after the Dermot Desmond-backed company issued a profit warning early this year. When news of the profit warning broke, the company’s share price slumped by 59 per cent in a day. Industry sources speculated that Mr Taggart may not stand for re-election at the Datalex agm this summer.

Source: The Irish Times April 13, 2019 05:37 UTC