The
Supreme Court has set aside a $50 million default judgement against Noel
Strachan, head of the alternative investment scheme Worldwise Partners.
A default judgment is a judgment handed down in favour of a claimant when the defendant has failed to respond to the lawsuit.
The Supreme Court made the order for the default judgment in favour of Worldwise's former investor, Hurshel Cyrus, after Mr. Strachan reportedly failed to submit a defense to a lawsuit filed by Mr. Cyrus.
But defence attorney Christopher Townsend told RJR News the default judgment was set aside as Mr. Strachan submitted that he had not been served with the proper court documents.
"Today the matter went to court before her Ladyship Justice McDonald Phillip for an application to set aside judgement. The judge agreed that the claim form was not properly served and set aside the judgement. It is now for the other side to make their move," Mr. Townsend said.
Mr. Cyrus had sued Mr. Strachan and Worldwise Partners to recover US$581,000 he reportedly invested in the troubled investment scheme.
A default judgment is a judgment handed down in favour of a claimant when the defendant has failed to respond to the lawsuit.
The Supreme Court made the order for the default judgment in favour of Worldwise's former investor, Hurshel Cyrus, after Mr. Strachan reportedly failed to submit a defense to a lawsuit filed by Mr. Cyrus.
But defence attorney Christopher Townsend told RJR News the default judgment was set aside as Mr. Strachan submitted that he had not been served with the proper court documents.
"Today the matter went to court before her Ladyship Justice McDonald Phillip for an application to set aside judgement. The judge agreed that the claim form was not properly served and set aside the judgement. It is now for the other side to make their move," Mr. Townsend said.
Mr. Cyrus had sued Mr. Strachan and Worldwise Partners to recover US$581,000 he reportedly invested in the troubled investment scheme.
comments powered by Disqus
All feeds
