Story image

Employee claims he’s owed $100,000 by Kiwi tech company in liquidation

16 Sep 2016

If you were owed $100k, you’d feel pretty aggrieved wouldn’t you?

Ex-employee of mobile payment company Optimizer HQ, Lawrence Sami certainly feels that way, as he has taken his claim of $60,826.91 in unpaid wages and $43,896.41 in holiday pay to the NZ Employment Relations Authority.

Optimizer HQ was run by Manas Kumar and previously operated the Swipe payment brand from February 2012. Optimizer HQ updated its name to ODEV Ltd in April 2013, however, employment correspondence (which included pay increases) were still sent to Sami under the name Optimizer HQ.

In 2014, Sami was owed wages and ended up entering into a share agreement with the company named Optimizer HQ in a substitute of wage arrears.

One year later and ODEV Ltd collapsed, with the liquidators revealing claims were likely to amount to around $11.3 million.

Insolvency practitioners Jared Booth and Tony Maginness were appointed as joint liquidators of the company.

The liquidators’ first report revealed preferential claims totaling $154,754 in relation to ODEV Ltd, with $59,043 of that from former employees, and the remaining $95,711 owed to the Inland Revenue Department.

“The liquidators have worked with relevant parties including the purchaser, banks and secured creditors to facilitate the ongoing payment of monies due to merchants under the payment services,” the report says.

In the report filed by the Employment Relations Authority, Member of Authority, T G Tetitaha states that they found Sami was employed by Optimizer HQ and not the now defunct ODEV Ltd, ordering Optimizer HQ to provide evidence that is related to the wage arrears claim.

Why 'right to repair' legislation could be a new lease on life for broken devices
“These companies are profiting at the expense of our environment and our pocketbooks as we become a throw-away society that discards over 6 million tonnes of electronics every year.”
Kiwis know security is important, but they're not doing much about it
Only 49% of respondents use antivirus software and even fewer – just 19% -  change their passwords regularly.
Instagram: The next big thing in online shopping?
This week Instagram announced a new feature called checkout, which allows users to buy products they find on Instagram.
Apple's AirPods now come with 'Hey Siri' functionality
The new AirPods come with a standard case or a Wireless Charging Case that holds additional charges for more than 24 hours of listening time.
NZ investment funds throw weight against social media giants
A consortium of NZ funds managing assets worth more than $90m are appealing against Facebook, Twitter, and Google following the Christchurch terror attacks.
Poly appoints new A/NZ managing director, Andy Hurt
“We’re excited to be bringing together two established pioneers in audio and video technology to be moving forward and one business – Poly."
Unity and NVIDIA announce real-time ray tracing across industries
For situations that demand maximum photorealism and the highest visual fidelity, ray tracing provides reflections and accurate dynamic computations for global lighting.
NVIDIA announces Jetson Nano: A US$99 tiny, yet mighty AI computer 
“Jetson Nano makes AI more accessible to everyone, and is supported by the same underlying architecture and software that powers the world's supercomputers.”