Judgment reserved in Old Mutual-Moyo complex legal battle

fin24.com

- fin24.com | 2 months ago

Old Mutual and on-again, off-again CEO Peter Moyo will hear the outcome of their increasingly acrimonious legal battle in approximately two weeks.

Judge Brian Mashile reserved his ruling in the Gauteng High Court in Johannesburg on Friday, following lengthy arguments from both sides. Moyo was suspended in May and axed in June, while the JSE-listed financial serves company cited a breakdown in trust and a conflict of interest related to NMT Capital, a boutique investment firm he co-founded.

  Old Mutual’ is one of the shareholders in the company.

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