Trends creditors win bid to separate their claim from defamation action

Fri, 18 Dec 2015

By Fiona Rotherham Dec. 18 (BusinessDesk) - Creditors of magazine publisher Trends Publishing International, which is being chased to repay debts including $383,000 of a government-funded research and development grant cancelled earlier this year, have won a High Court skirmish against the media company. The five creditors – Accident Compensation Corporation, AdviceWise, Callaghan Innovation, Mediaworks Radio, and Webstar - collectively owed $450,000 - had applied to unwind a creditors’ compromise struck in April in order to resume liquid...

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