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The High Court…

The High Court battle between fund manager Jupiter and its founder John Duffield was postponed for the second time.

Money Marketing went to press as lawyers continued negotiations for an out-of-court settlement.

Judge Mr Justice Buck ley granted a joint application for a further 24 hours of discussions but warned the lawyers it would be their last chance to reach an agreement before the case went to trial.

Duffield is claiming £163;15m compensation from Jupiter for wrongful dismissal following a dispute with German owners Commerzbank.

He claims he was forced to leave after Commerz bank bought his remaining 25 per cent stake in the fund manager earlier in the year. Duffield received £163;175m from the deal but claims Commerzbank made him leave following the talks over the sale.

Both sides are thought to be keen to reach an out-of-court settlement rather than risk potentially damaging revelations about their internal wranglings.

Duffield is building up a management business, New Star Asset Management.

Horlick: &#39Potential managers could not afford the costs&#39

High Court: Case postponed for the second time


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