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datasets.iitb.crawledDocs.yn_08Oct08_file_344 Maven / Gradle / Ivy

    Busselton-Dunsborough Mail News Skip directly to: , , . HIH case in foreign hands HIH case in foreign hands ELISABETH SEXTON 18/09/2008 10:00:01 PM THE future of an HIH Insurance court case that could cloud Malcolm Turnbull's leadership of the Liberal Party lies in the hands of four US companies and a group of insurers. Lawyers for the HIH liquidator confirmed in the NSW Supreme Court yesterday that the case could be resolved before Christmas, but only if all parties can agree to settlement terms. The liquidator, Tony McGrath, is suing nine defendants to recover the $295 million HIH paid for FAI Insurances in 1998, plus interest. The defendants deny liability and have launched 44 cross-claims, some against each other and some drawing in six other defendants. The US defendants are three subsidiaries of the Berkshire Hathaway Group and the New York reinsurance broker Guy Carpenter & Co. Mr Turnbull and his former employer Goldman Sachs Australia, which advised FAI during the takeover, are defendants, along with the former Australian partners of FAI's auditor, the now defunct firm Arthur Andersen. Source: 22/09/2008 | Once upon a time finding a mate was easy. It was a childhood sweetheart, someone from church or if you were ugly, the other ugly person. | | | | | | | | | | | | | | | | | | SEND... SAVE... SHARE...