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Cybersecurity firm sues Advocis for $560K.
By Stella
Advocis faces its fourth legal claim in just over a year, this one arising from a cybersecurity contract the association allegedly terminated after naming its new CEO last fall. A member of its executive management team is also named in the suit.
Burlington, Ont.–based Net-Patrol International Inc., a cybersecurity firm, is suing Advocis and Advocis Broker Services Inc. for $562,349.46, for breach of contract and breaching their duties to act honestly and in good faith, according to a claim filed on Friday with the Ontario Superior Court of Justice in Toronto.
Net-Patrol is also suing Geoff Le Quelenec, vice-president of technology and innovation with Advocis, and his corporation Jacobs L P Inc., for $562,349.46 for inducing breach of contract “and/or intentional interference with economic relations,” the claim states.
The claim also asks for damages of $200,000 from the defendants, and legal costs.
According to Net-Patrol’s claim, Advocis had originally hired the firm in September 2023 to provide “digital forensic and investigative services as part of its investigation into wrongdoing by various Advocis employees and executives.” The hiring was the same month interim CEO Harris Jones was appointed and tasked with addressing the association’s financial difficulties.
Advocis subsequently entered into a two-year contract with Net-Patrol on July 12, 2024, for cybersecurity services. That included auditing Advocis’ existing cybersecurity and developing and implementing a governance, risk management and compliance framework, the claim states.
Advocis then terminated the contract on Oct. 28, 2024, the claim states. The amount Net-Patrol seeks is the balance due under the contact, including 2% interest on unpaid invoices and fees for the agreement’s second year, the claim states.
Source: INVESTMENTEXECUTIVE