Hi Sterling
Brilliant of you to respond. Thanks. The idea of Force-quit hadn't occurred to me as I simply couldn't get past the warning window ("Another copy of this application is running on this machine. Peak must now quit") to properly open the application. But alas after several repeated attempts this idea has not worked. The app doesn't get past it's opening screen plus warning window.
I'm software savvy but my knowledge of Mac core operations is not all that massive. However, wondering if I might find diagnostic info, I tried to open Peak while watching Activity Monitor. Somewhere there I found the message "Peak is unimplemented. Quit using it". I can't get back to this process warning tonight, sorry a bit over my head!
I wiped all traces of Peak and reinstalled it, but it's still not interested in opening up.
All other apps are up and running in OSX, (various audio, quarkxpress, lots of Adobe except for Adobe After Effects. Just one errant app . . . but so essential to my work flow. I wish I knew a work around, but realise I might have to return to Mountain Lion. Oh well.
Cheers nowJon