Destiny Media Technologies Prevails in Legal Proceedings

Executive Summary

• Destiny Media Technologies announced that all claims filed by Mr. Steve Vestergaard against the company, its directors and officers have been dismissed.
• The court awarded Destiny its legal costs in the matter.
• CEO Fred Vandenberg stated the judgment allows the company to focus on growth and customer initiatives.

Key Details

• All claims brought by Mr. Steve Vestergaard were dismissed by the court.
• Destiny Media Technologies was awarded costs incurred in defending the lawsuit.
• No further legal exposure related to these claims remains for the company, its directors or officers.
• CEO Fred Vandenberg commented: “We are pleased to have a judgement in our favor and to put this matter behind us… We are focused on the future, our customers, and growing our business.”

Notable Quotes

• Fred Vandenberg, CEO: “We are pleased to have a judgement in our favour and to put this matter behind us. We are focused on the future, our customers, and growing our business.”