Alex van Heeren loses long-running case, US$25 million interim payment ordered

Fri, 17 Apr 2015

By Fiona Rotherham April 17 (BusinessDesk) - High-flying businessman Alex van Heeren has been ordered by the High Court at Auckland to pay US$25 million as an interim payment to his former business partner, Michael Kidd, and could be made to pay as much as US$50 million after losing a legal battle that has lasted almost two decades. The near 20-year legal battle by the two men involves the end of their lengthy and lucrative business partnership. In a written decision released this evening, Justice John Fogarty has ruled van Heeren, the...

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