We are deeply saddened to witness former CEO Philippe Buhannic’s continued departure from reality, as seen in his latest invective issued against the company and its leadership. It is yet another of his string of reckless and baseless attacks against the company, including several legal actions – not a one of which has been successful – seeking to reinstate himself in his former role at the company after he was dismissed for cause by TradingScreen’s Board of Directors in June 2016, after hitting an employee, attempting to cover it up, and other malfeasance.
First, he is seriously misrepresenting himself. He neither represents nor controls the majority of TradingScreen’s shareholders. Second, he most assuredly did strike an employee at a sales meeting on April 25, 2016, in front of six witnesses. This fact has been thoroughly confirmed by a formal investigation conducted by the company’s outside counsel. The investigation included sworn affidavits by the victim and each of the other employee observers describing Mr. Buhannic’s indefensible and unprovoked behavior in explicit detail.
Initially, Mr. Buhannic was only put on temporary leave. But when he openly defied the Board’s actions, challenged its authority and composition (which challenge was defeated by legal action in Delaware Chancery Court), and attempted to intimidate witnesses – and additional acts of serious misconduct were discovered – his employment with the company was terminated.
Mr. Buhannic’s continued and escalating allegations constitute defamation of the company and its leadership, and are testimony to his unraveling connection to reality – and the truth. The company will continue to vigorously contest these lies, defend itself against his baseless attacks, and advocate for the truth in both the courts of law and of public opinion. Just because he asserts something does not make it so.
TradingScreen is committed to continue to innovate and deliver to its clients the highest quality electronic trading products and services available. We will allow nothing to stand in the way of our commitment.
