Courts / Ireland / Report

Fintech company settles with former exec over unfair dismissal complaint

Summary

In November 2022, Glantus, an Irish fintech firm, settled a statutory unfair dismissal complaint with former chief growth officer Thomas Hackett. Hackett had alleged he was dismissed in September 2021 without cause and denied a promised equity package from founder Maurice Healy. He withdrew his complaints under the Unfair Dismissals Act 1977 and the Organisation of Working Time Act 1997 following a brief hearing. The settlement was confirmed by Hackett's solicitor Michael Kennedy and Glantus's counsel Michael Doyle. Adjudicating officer Breiffni O'Neill noted the agreement in the case file and kept the matter open until the following April for finalisation. The dispute had previously involved two days of hearings, with senior counsel Lorna Lynch for Glantus and Pádraig Lyons BL for Hackett. The preliminary hearing revealed Hackett's gross salary was €100,000 with €500 monthly expenses, and that he had been offered a six‑month notice clause in exchange for a longer vesting period on his share options.

Who, what, where, when and why

What: Report matter: Fintech company settles with former exec over unfair dismissal complaint. Procedural stage: hearing_or_decision

When:

• September 2021 Other
• August 2021 Other
• 9 September 2021 Other
• 1 October 2020 Hearing Or Sentence
• Saturday 26th September Other
• Monday 28 September 2020 Other
• September 15th 2020 Other
• September 29th Other
• 2022-11-17 Publication

Why: He added that because Mr Hackett had a contractual entitlement to a six-month notice period, the correct termination date was the date of the payment on September 29th and not the date of the notice informing him of the intention to pay. CNI source report

Topics

Stage Hearing Or Decision

Read the original CNI report