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Triton Systems of Delaware Inc. yesterday said is has settled a civil lawsuit filed against its former president and CEO and two other former senior executives. The Long Beach, Miss.-based ATM manufacturer had accused Brian Kett, former president and CEO; Daniel D. Thurtell, former chief financial officer; and William D. Jackson, former vice president of engineering, of stealing company data to share with GRG Banking Co. Ltd., an ATM manufacturer based in China (CardLine, 4/10/08). Triton also accused the three of organizing Global Cash Services LLC, a Nevada-based company, to market GRG's products in the U.S., where the company would compete against Triton. Triton sued the trio on Feb. 14, 2008, in Harrison County Chancery Court for the First Judicial District in Gulfport, Miss. Triton said in a statement obtained by ATM&Debit News, a CardLine sister publication, that the lawsuit "has been resolved on mutually agreeable terms, and judgments have been entered. Kett and Jackson are free to work in the ATM industry." Triton did not disclose other specifics of the settlement. Kett led Triton from March 2003 until August 2007, when Bill Johnson replaced him as CEO.
