DALLAS – MARCH 2, 2011
Wick Phillips, a full-service business law firm, has resolved an important suit brought on behalf of its client, NextPay Merchant Services, against four former employees and various business entities affiliated with the individuals. The suit alleged that the individuals formed a competing venture while working for the merchant services provider and sought to divert both merchants and confidential and proprietary information away from NextPay.
NextPay was formed in March 2009 by Mark Brinkman, President and Founder of Brinkman Financial Company, LP, a leading provider in customized financial systems over the past 26 years. The individuals resigned their employment on August 2, 2010. Suit was filed August 17, 2010 and, following accelerated discovery and numerous depositions, the parties were able to reach a satisfactory settlement in January 2011.
“This was an important case for our client NextPay and its future in the merchant services field. Fortunately, we were able to reach a quick resolution acceptable to our client,” said Andrew M. Gould, lead counsel of the Wick Phillips team representing NextPay.
According to Mark Brinkman, “[t]he Wick Phillips team was fantastic. The attention and dedication they gave to this matter, their ability to stay on top of it, to manage the various moving parts related to it, and to ultimately help me resolve the case were top-notch. I have nothing but high praise for Andrew, Sean, Seema, and their entire office.”
The case is NextPay v. Varnell, et al., Cause No. 10-10166 (298th Jud. Dist. Dallas County, Texas).
Andrew Gould, a partner at Wick Phillips, heads the firm’s labor and employment practice, is Board Certified in the area of labor and employment law, and specializes in representing businesses in all facets of employment law and employment-related litigation. In addition to Gould, The NextPay team at Wick Phillips included partner J. Sean Lemoine.
About Wick Phillips: Serving the legal needs of businesses in a broad range of industries, Wick Phillips practices law with purpose. Specialty areas include commercial litigation, bankruptcy, creditor’s rights, civil appeals, corporate, corporate advisory, labor and employment, and securities. For more information visit www.wickphillips.com.
