Note: This article will be updated as I read the documents I have uploaded. I wanted to make them freely available to the public as quickly as possible. For background in the meantime, I suggest reading David Baines’ articles (Part 1 & Part 2) on this in the Vancouver Sun.
Here is a brief excerpt from Baines’ article (part 1):
By this time, [David] Urquhart was long gone. In September 2008, just after the stock [of Mainland Resources] peaked, he resigned. The company said his departure was “not a result of any disagreement between the company or Mr. Urquhart pertaining to matters relating to the company’s operations, policies or practices.”
Maybe so, but there was serious disagreement over compensation. In a legal action filed in U.S. District Court in Nevada this week, Urquhart claims the company owes him hundreds of thousands of dollars in cash, shares and options.
The case number is A09-591695-B and I downloaded Urquhart’s complete filing from June 23rd 2010. Below are links to PDFs of the full complaint.