High Court dismisses Hipgnosis Music’s claims over diverted music catalogues corporate opportunity.
The Business List of the Chancery Division has dismissed all claims brought by the liquidators of two failed music companies against Merck Mercuriadis, the founder of the Hipgnosis Songs Fund, ruling that a general investment insight into music publishing catalogues did not constitute a corporate opportunity capable of founding liability under the Companies Act 2006.
Mr Justice Adam Johns..
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