LOS ANGELES, March 7, 2012 /PRNewswire/ -- Carl Freer, David Warnock and Simon Davies have reached an amicable resolution to their differences. Huntermay, a corporate investigation and negotiations firm, made this announcement today.
The parties have dismissed the lawsuits and withdrawn their respective allegations. Messrs Warnock and Davies have also agreed to terminate the public campaign focused on Carl Freer and supervise where possible the removal of any derogatory content from the internet regarding Mr. Freer and the companies which he has founded.
As part of the campaign, public allegations were made that the FBI and the SEC were investigating Mr. Freer and his companies. While the lawsuit was pending, Mr. Freer's counsel established that these allegations were untrue and that Messrs Warnock and Davies had been misled by their advisors. Once Mr. Warnock discovered the problem, he immediately took action to correct matters.
Carl Freer stated, "After some open dialogue, it became obvious that tensions between us grew as a result of unwise counsel rather than from a genuine dispute between the parties. I applaud the courage and diligence on all sides to work through all of our differences and move forward. We can now focus on rekindling our friendships and strengthening our businesses relationships."
David Warnock said, "I am extremely pleased that we were able to amicably resolve our differences. This resolution ends all legal disputes and allows us to work together in a positive fashion to explore opportunities that will be mutually beneficial to all parties. We are looking forward to our new ventures and utilizing our core strengths of product innovation and business development to exploit significant opportunities in the market."
Simon Davies added that he "looks forward to moving ahead and is pleased with the outcome."