11:57:54 EDT Sun 31 May 2020
Enter Symbol
or Name

Veris Gold Corp
Symbol VG
Shares Issued 107,641,344
Close 2013-07-10 C$ 0.49
Recent Sedar Documents

Veris says Reichert fired after "inexplicable rage"

2013-07-11 13:23 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Veris Gold Corp. says it fired its former chief executive officer, Randy Reichert, after "very serious problems" that included an angry outburst at a trade show and an incident of "inexplicable rage" at the Jerritt Canyon mine. His treatment of employees was abusive, intimidating and degrading, the company claims. The problems were serious enough that they amounted to just cause for his termination, according to Veris.

The company is responding to a wrongful dismissal lawsuit that Mr. Reichert filed in the Supreme Court of British Columbia on June 14, 2013. Mr. Reichert complained that the company dismissed him from his job as co-CEO in a "high handed" manner after he questioned possible inappropriate actions by senior executives and board members. Among other things, Mr. Reichert had attempted to block the company's chairman from buying shares with knowledge of a potential takeover bid, the suit stated.

Veris, however, says that it had just cause to fire Mr. Reichert. In a response filed on Monday, July 8, the company lists a number of incidents in which he mistreated employees "to an extent far beyond acceptable boundaries." Among other things, he humiliated employees in open view of others and reacted angrily when anybody appeared to question or disagree with him, the company claims.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.

Whoa! Just pulled up his mug shot. It's there...in the eyes.

Posted by Phat Pat at 2013-07-11 13:36

Hulk mad. Hulk smash.

Posted by Du-Rag at 2013-07-11 17:07

does that mean, everytime the past 40 years on the job, I have a case for everytime some old timer would call me a pXccy? or a Cxxxsxxxxx?

Posted by so at 2013-07-12 02:15

Comments for this item are closed