UPDATE: Van Heeren's former business partner Michael Kidd seeks US$25M

Mon, 09 Feb 2015

By Fiona Rotherham Feb. 9 (BusinessDesk) - South Africa-based Michael Kidd is seeking US$25 million from his former partner, high-flying businessman Alex van Heeren, who is disputing they ever had a formal partnership. In an interlocutory hearing in the High Court at Auckland, Kidd is seeking both the payment and to have a summary account which, if granted, would prevent the case having to go to a full High Court trial. When the 16-year partnership ended in 1991 Kidd signed an agreement which saw him receive just US$3 million as his sh...

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