Trial for Allan Myers' outback property in April
The Victorian Supreme court has finally agreed to have an April trial for barrister Allan Myers' outback property.
The estimated eight-week April trial is in accordance with Myers' schedule. The wealthy lawyer claimed to have board commitments in Europe and the US in early 2011.
Court documents show Myers' will be attending board meetings in February and March because he is the deputy chairman of the Grupa Zywiec supervisory board. Myers will fly off to Geneva for the Swiss-listed Norinvest Holding board meeting, and then take off to Tallahassee, Florida to attend board commitments at Danfoss Turbocor Compressors.
The Tipperary managers Rodney Illingworth and John Vereker were pushing for a February trial. The managers began a Supreme Court battle after Myers dismissed them without notice in December 2007.
Illingworth and Vereker want an independent accountant to value their 10 percent Tipperary holdings for sale to the silk. The managers insist that Tipperary's June 2007 accounts should be the benchmark.
The holdings posted net assets of $140 million for the month, prompting Myers to lodge a $45 million mismanagement counter-claim.
In February 2009, the Australian Agricultural Company (Aaco) offered $105 million for the Tipperary and Litchfield cattle stations. AAco shareholders, however, voted down the proposed deal.