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TradingScreen’s Board Puts CEO on Leave Over Conduct Questions

  • Philippe Buhannic disputes directors’ right to suspend him
  • Directors sued CEO to prevent his interference in business
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Philippe Buhannic, the chief executive officer of TradingScreen Inc., has been suspended by the company’s directors over questions about his conduct, touching off a battle for control of the financial-software firm, according to court filings.

Some company board members sued Buhannic, who co-founded TradingScreen in 1999, to prevent him from interfering in company operations while he’s on a six-month paid leave, according to filings unsealed Tuesday in Delaware Chancery Court.