Pyne Gould, Bath Street agree to drop High Court claims over Perpetual Trust sale

Mon, 26 Sep 2016

By Sophie Boot Sept. 26 (BusinessDesk) - Pyne Gould Corp and Bath Street Capital won't go to court over what's owed in relation to Pyne Gould's sale of Perpetual Trust. In September last year, Guernsey-based Pyne Gould said it was seeking damages of not less than $22 million, with interest and costs, from Bath Street. It said the money was owed from the sale of Perpetual, and it "represents unpaid consideration in respect of carrying rights pursuant to the share sale agreement as subsequently varied." Bath Street filed a counter-claim...

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