Aziz Calls Meeting: 1

The former Chief Executive Officer for CryptoLogic, Ltd. Javaid Aziz recently called a meeting for the online casino software providers’ shareholders meeting. The only thing wrong with is that he is no longer in charge of the company. Aziz has demanded this extraordinary meeting with his former shareholders after his position was filled by Brian Hadfield in February of 2008. Aziz only had the position as Chief Executive Officer of Crypto Logic for less than a year. He replaced Lewis Rose after he retired in April of 2007. During the time that Aziz was in charge they seemed to show a loss in revenue when compared to the period of time when Rose served as the company’s leader.

Cryptologic has not taken the demands of their former leader very lightly. They are now in the process of fighting him and Cede & Co claiming that Aziz has not met his requirements which would allow for him to call for a shareholders meeting. The company also went on to add that Aziz has also violated several terms of his severance payment agreement since he has been relieved from his position as head of the online casino software provider. There are hundreds of online casinos that get their software from Crypto Logic and they take their business very seriously. The company has made many moves in the past year, not only with a new Chief Executive Officer but with a new home for its headquarters. Their main offices moved from their home in Toronto Canada to Dublin Ireland.