Penguin Canada will announce a new company president on Wednesday after reaching an out-of-court settlement in a sexual harassment lawsuit involving former president David Davidar. The announcement will end weeks of speculation about who will replace Davidar at the helm of the troubled firm and turn the page on a regrettable chapter in the company’s history.
The out-of-court settlement was reached on Tuesday afternoon between the three parties involved in the $523,000 suit: Davidar, Penguin Canada, and former staffer Lisa Rundle, who alleged that she was sexually harassed by Davidar and later fired by the company after voicing her concerns.
From The Globe and Mail:
We can now advise that all allegations have been addressed and all matters resolved to the satisfaction of all parties, Peter Downard, lawyer to former Penguin executive David Davidar, wrote in an e-mail. None of the parties will be commenting further to the media.
Penguin spokesman Yvonne Hunter confirmed the news. Everything has been settled, she said.