Employee x was recently fired, who subsequently took with him lists of clients and started mailing them with damaging statements about company y.
Company y spends a significant sum to get a lawyer to write a letter before action (injunction proceedings and further legal action (civil and/or criminal), which will at the very least cost another £20,000, as advised by the law firm)
Employee x responds, agreeing to all the company’s demands, but asking for a settlement agreement and 2 months’ salary (around £4000). Employee states that he will not proceed with the required undertakings unless such a settlement agreement is drafted and signed, that he has returned to his home country (with no extradition agreements to our knowledge), and has less than £1000 in his UK bank account
Do we have any realistic legal recourse in this situation, or is it likely to be more beneficial just accepting the settlement?