Pension Trustees Strike Deal In £5.9M Resort Dispute
Law360, London (July 9, 2019, 1:17 PM BST) -- A pensions administrator and a Guernsey-based trust manager have paused a £5.9 million ($7.4 million) dispute over a failed Caribbean resort after striking a deal to end the claims at a London court.
Hartley Pensions and Estera Corporate Trustees agreed to a confidential release agreement on July 1 and have stayed their High Court dispute until the deal can be completed, according to new court documents.
The release agreement would allow Hartley to step away from allegations of negligence and breach of duty in exchange for money or compensation. The pensions administrator had sued on behalf of 169 members of the scheme who say they...
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