Financial Adviser, Helicopter Co. Settle $185M Sale Dispute

Law360, London (June 16, 2021, 12:44 PM BST) -- British financial adviser BLMS Capital has settled its $2.4 million lawsuit accusing a Swiss helicopter manufacturer of reneging on a deal to pay a fee for capital-raising work that led to the young company being acquired for $185 million.

BLMS Capital's claim against Kopter Group AG has been stayed after the sides reached an out-of-court settlement on June 2, according to a Tomlin order filed at the High Court in London. Signing the order on June 8, Judge Clare Moulder said that BLMS and Kopter Group could apply to the courts without launching fresh legal action if they need help to enforce...

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