Mould, former divisional manager of Fuji Film's motion picture and professional video products division, and Transco company directors John Rooke, Janet Rooke and Matthew Rooke are all subject to the action by Fuji. A Fuji spokesman confirmed: "Legal proceedings have been taken against Eric Mould and members of the Rooke family over alleged trading irregularities."
Neither Fuji or Transco Group - which trades as First4Media - would comment on the case further, but it is believed that the case centres on an allegation that there were improper transactions between Mould and the Rooke family.
Chairman John Rooke announced his retirement from Transco Group in mid-May, the same day that Matthew Rooke and Janet Rooke resigned as company directors. Mould was dismissed by Fuji last month when the alleged trading irregularities came to light.
First4Media managing director Nigel Morris has assumed executive control of the company. Morris said: "The situation that exists is between the Rooke family and Fuji. The Rookes are no longer board directors and have ceased all operational involvement in the business."
"We continue to enjoy positive trading relationships with Fuji," he added.
Although the Rooke family may play no further part in the running of the company, they do remain majority shareholders.
Neither Mould nor the Rooke family could be contacted for comment.
Fuji has restructured its motion picture and moving image business into two de-partments. Director Adrian Clarke's photography unit will deal with film stock, and strategic business unit manager Roger Moore's recording media department will deal with broadcast tape stock.