Allan Pratt Files a Claim Against PAID, Inc for Wrongful Termination of Employment
March 22, 2021 at 10:57 am EDT
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On March 22, 2021, Allan Pratt announced that he also served as a director of PAID, Inc. until the board of directors voted to shrink the size of the board from 5 to 3 directors on March 27, 2020 and claimed that Pratt’s term expired on April 17, 2020, without the holding of a meeting of stockholders of the Company. Allan Pratt stated that it is well settled law in Delaware that the board lacks such authority. Accordingly, Allan Pratt expressed that all actions of the board since Pratt’s purported removal have been ultra vires and invalid and Allan Pratt evaluating all available remedies with respect to this matter and intend to hold each member of the board accountable to the fullest extent permitted by law. In addition, Allan Pratt stated that on March 19, 2021, he has filed a claim in the Ontario Superior Court of Justice against the Company and its subsidiary ShipTime Canada Inc. for wrongful termination of employment.
PAID, Inc. is engaged in developing software as a service (SaaS) based business services, including PaidPayments, PaidCart, PaidShipping and PaidWeb. These solutions are developed to provide businesses with a streamlined experience for Website creation, online sales, payment collection and shipping all in one platform. Its segments include Client services, Merchant processing services, Shipping coordination and label generation services, and Corporate operations. Its ShipTimeâs platform provides its members with the ability to quote, process, track and dispatch shipments while getting preferred rates on packages and skidded less than truckload (LTL) freight shipments throughout North America and around the world. Its BeerRun Software is a brewery management and alcohol and tobacco tax and trade bureau tax reporting software. Its platform includes a range features, such as mobile editing, search engine optimization, collaboration tools, and pre-designed templates.
PAID, INC. 
