Sargon fee fight over Andrew Barnes’ Complectus ends

Fri, 18 Sep 2020

A High Court judge has ended a court case between failed trustee firm Sargon and Andrew Barnes’ Complectus, the parent of trust firm Perpetual Guardian.The dispute followed Australian firm Sargon’s 2017 attempt to buy Perpetual Guardian for $200 million.Litigation from Barnes’ interests followed, but was settled later that year.Sargon instigated a separate case over a non-refundable exclusivity fee of $1.25 million it paid but wanted back after the transaction fell through. Australian-registered Sargon, directed by high-...

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