Ciscom escapes ilion legal action

ilion has pulled out of suing reseller Ciscom, the distributor's parent company, Landis, has said. The networking distributor, which bought ilion earlier this year, said in a statement issued yesterday: "Following the due diligence carried out in relation to the acquisition, and reviewing the evidence submitted by ilion of mis-representation by Ciscom, Landis conclude there is no case to answer by Ciscom. "Following a meeting of senior executives, both parties have agreed to withdraw legal proceedings and the matter is now closed." In April, ilion decided to instigate legal proceedings against an employee after discovering financial irregularities that it said could cost the company up to £500,000. It followed this in June with the announcement that it was seeking "substantial damages for losses... in connection with an irregular transaction" from Cisco reseller Ciscom. However, the two seem to have been persuaded to bury the hatchet by Landis. ® Related Stories Cisco fall-out sees ilion sue Ciscom Allegations of fraud rock ilion