Catenae Innovation PLC (AIM:CTEA) told investors that the company came out on the right side of a court hearing at the end of last week.
The company, in a statement, said it successfully defended an attempt by minority shareholders of Hyperneph Software Limited to seek summary judgment in the claim against the company and to strike out the company's counterclaim.
Catenae noted that the court awarded the company its legal costs for the hearing of £14,000 which will be paid by the claimants within 21 days. The claimants will also have to pay their own costs of the hearing.
Additionally, the company said that it will shortly be seeking to obtain directions to a trial at which it will continue to defend the claims made against it robustly whilst seeking to successfully bring its counterclaim to a successful outcome.