Mark Occhilupo’s former accountant, Noel Holmes, had sued the pro surfer in Brisbane Supreme Court claiming that he gave Occy $50,000 to buy 21,739 friends and family shares of Billabong stock just before it went public in 2000 and now he want’s the nearly $200,000 proceeds back. Occy apparently believed the shares belonged to him, according to a story on ABC.net.au.
But today it all got sorted out in an out-of-court settlement, according to the Courier Mail.
Lawyers for the disputing parties have spent most of today in private discussions. . . An out-of-court settlement was reached and details were not disclosed.
As might not be surprising, Occy is glad it’s over and just wants to get back in the water. “”The first thing when I get back to the coast I’ll be going for a surf for sure and take my shirt off,” Occhilupo said outside court.
Apparently Occy’s suit worked. . .
[Links: ABC.net.au and Courier Mail]
