Bath Street Capital will 'robustly defend' Pyne Gould's $22 mln claim, considering counterclaim

By Paul McBeth Oct. 1 (BusinessDesk) - Bath Street Capital, which has been building a local trustee firm, will "robustly defend" a $22 million claim by Pyne Gould Corp over the sale of Perpetual Trust, and is considering filing a counter-suit against the asset manager. The company acknowledged Pyne Gould's statement to the NZX yesterday that High Court proceedings had commenced, but was yet to receive a statement of claim from the Guernsey-based asset manager, Bath Street said in a statement. The firms are locked in a dispute over whether...