Pyne Gould restarts $22M Perpetual Trust litigation five years after sale

Tue, 18 Sep 2018

By Paul McBeth Sept. 18 (BusinessDesk) - Pyne Gould Corp is trying to litigate its way into a $22 million windfall over money it says it's owed from the 2013 sale of Perpetual Trust. The investment company has restarted High Court proceedings against Bath Street Capital and its principal Andrew Barnes for what it claims is outstanding from the sale five years ago. Bath Street will vigorously defend the claim and file a counter-suit. The parties were at odds over the details of potential earn-outs in the event of a listing and appeare...

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