Breatheology Founder Stig Severinsen has filed a lawsuit against Danish company Airofit A/S, citing breach of contract.
The complaint, filed last month with the Metropolis Court docket of Copenhagen, alleges that Airofit — which developed a respiratory trainer and associated smartphone app — has reneged on its commitment to present Severinsen with an ownership stake in Airofit.
The trusty screech alleges Airofit A/S, its CEO and board of directors are in breach of contract and enormous unauthorized employ of Severinsen’s title, set and recognition for business catch, breaching Danish contract law.
The settlement, in step with Breatheology, became originally fashioned in a “Letter of Intent” and as a result of this fact licensed and ratified in a decision by Airofit’s board of directors. For the interval of the pandemic, alternatively, the processing of the portion switch became delayed, and in the raze, on February 15th, attorneys from Airofit contacted Severinsen and his team announcing that the shares “were gone.”
In retaining with Severinsen:
“This became so surprising, and I became fully panicked. This goes against every thing I judge in; the belief I had in Airofit, its management, and its board of directors.
“We merely can no longer stand by idly and permit Airofit to reap the fruits of our efforts and continue the usage of our celeb, mental property, and our resources to their profit, without upholding their agreed-upon terms. It’s previous unethical.”
Airofit A/S has denied the allegations.
Going in a binding settlement to enhance the business constructing efforts of Airofit in replace for an ownership stake, Severinsen mentioned he no longer most productive leveraged the credibility of his inner most and company manufacturers to advertise Airofit, but moreover embedded specialists from his hold team within Airofit in expose to begin gross sales on a clear scale. Over the last one year, several key members had been employed from Breatheology into Airofit.
Severinsen mentioned:
“I became OK with my team members becoming a member of Airofit since we had a binding settlement and I felt like I became already a shareholder in the corporate. I became moreover stunning with Airofit benefitting from my title, even investing my hold money in direction of making Airofit a success, along with endorsements, producing viral videos gaining hundreds of hundreds of views, and a immense different of press activities. Our work has been instrumental in doubtlessly the most modern screech of Airofit.”
For the explanation that lawsuit’s submitting, Aerofit requested for a two-week delay in the court cases, to which Breatheology attorneys responded last week:
“The events procure corresponded in the case since 15 February 2021, when Airofit A/S terminated the cooperation, and the plaintiffs as a result of this fact anticipate that in continuation of the day’s postponement of Airofit A/S’ time restrict, there is never any want for additional postponements of the closing date for the protection, no longer least as a results of Airofit A/S being completely conscious of the info of the case.”
The Danish court is scheduled to listen to opening arguments on Might well well 18th.
