The former chairman gets his time in court to explain the company’s undocumented agreements.
heads to court as star witness against former CEOCastagna’s great backer, Macquarie, must be thrilled. Everyone loves Tony. The former Macquarie consultant is its great rainmaker, pulling off a December 2020 IPO that delivered a $565 million payout to Macquarie Capital, while it retained shares in its former subsidiary that six weeks later were worth $1.1 billion .Dominic Lorrimer, who were on the Nuix board, but speculation on their combined payout goes as high as near-nine figures.
Sheehy’s civil case, which begins on June 27, is over options issued to him in 2008, which Nuix claims lapsed. And if they didn’t lapse, then Nuix says Sheehy was the only options holder whoNuix’s problem is that the options were open-ended and there’s no paperwork to suggest they would lapse. Rather, Castagna says in an affidavit that there wasSheehy denies this, and points out that in 2016 he sold some of these options to Macquarie, which went on to sell them into the IPO for $23 million.