Well, that got awk­ward. Arc­turus fires back at ex-CEO Joe Payne

The bat­tle roy­al be­tween Arc­turus and its for­mer CEO con­tin­ues, with Fri­day bring­ing a fresh state­ment to the melo­dra­ma. This time, Arc­turus is fir­ing back.

Over the last cou­ple of weeks, the feisti­est of the two par­ties was Joseph Payne, the for­mer chief ex­ec­u­tive who was fired from the com­pa­ny for al­leged­ly putting his own self in­ter­ests be­fore the com­pa­ny’s.

Payne had his at­tor­ney draft a let­ter in re­sponse to his ouster, al­leg­ing the board had con­spired against him. In par­tic­u­lar, the let­ter said Payne had been pushed out by a ca­bal of four com­pa­ny di­rec­tors, who he says en­gaged in an in­trigue that vi­o­lat­ed the rules es­tab­lished by the Is­raeli laws that gov­ern its op­er­a­tions.

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