In court documents filed Monday Holtec International, Jupiter, Fla., formally denied its ex-finance chief’s allegations that the company overvalued itself in an investor pitch.
Holtec also said the former chief financial officer, Kevin O’Rourke, acted maliciously and breached a non-disclosure agreement by filing a lawsuit that detailed, among other things, Holtec’s attempts to woo Hyundai Engineering and Construction Co., Seoul, South Korea, as an investor.
The company, which provides power plant decommissioning services and is positioning itself as a provider of small modular reactors, also took a shot at O’Rouke’s performance during his roughly one year at Holtec.
“Plaintiff routinely refused assignments, complained about his pay, threatened to quit twice, and displayed erratic and hostile behavior to co-workers and third-parties,” Holtec wrote in its answer to O’Rourke’s complaint, filed June 1 with the Superior Court of New Jersey in Camden County
Holtec also said that the draft prospectus O’Rourke cited in his lawsuit was not actually a prospectus, but “an internal draft document that contained a general explanation of Holtec’s business operations” that would not be presented to investors until it was “reviewed in its entirety by a national investment banking firm.”
Holtec demanded damages and attorney’s fees from the court. The court had not scheduled further hearings or filing deadlines as of Tuesday morning.
