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Fri 01 Jan 2008Payzone shares suspended in London

Shares in electronic payments group Payzone were suspended in London yesterday until High Court proceedings involving the company and its chief executive John Nagle and chief financial officer John Williamson have concluded.

It was claimed in the High Court yesterday that Payzone chairman Bob Thian and other non-executive directors of the company had engaged in a "conspiracy" to secure the removal of Mr Nagle and Mr Williamson.

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