Insurance News .com.au has reported that the Calliden Group is “extremely pleased by its legal win”. This refers to Calliden’s legal issues with Australian Unity, which ended recently with a court finding Australian Unity breached the terms of a sale agreement between the companies.
After purchasing Australian Unity’s general insurance business in July 2007, Insurance News .com.au reports that “Calliden alleged that Australian Unity had breached the terms of a share sale deed which provided for an adjustment to the purchase price on completion having regard to the estimated value of the relevant insurance liabilities at that time.” This claim was upheld by Justice Einstein in the NSW Supreme Court. News sourced from Insurance News .com.au
Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service