Thursday, March 20, 2008; Posted: 01:32 AM
Terms of the settlement are confidential and do not involve admission of liability by any party.
Upon settlement, in 21 days, HLS will receive about $390,000 comprising reimbursement of its funding costs of $300,000 and its profit of $90,000 pursuant to its litigation funding agreement with the Ideal Contractors liquidator.
Also, the amount of $230,000 previously paid into court as security for the defendant's costs will be returned to HLS.
rweabn.com.au
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