The legal battle between Alex Turnbull and his father Malcolm’s former business partner, Russel Pillemer, has come to an end, with the ex-prime minister’s son forking out half a million dollars in legal costs after calling it quits.
, has come to an end, with the ex-prime minister’s son forking out half a million dollars in legal costs after calling it quits.
The case was finalised at the 11th hour, right before a scheduled hearing before the NSW Court of Appeal on Thursday, with both sides prepared to go to war over an allegation made by Turnbull that his family was misled into accepting cash for repayment of a loan made to Pengana Capital Group in 2017.
Turnbull had sought to appeal that decision to the Court of Appeal but, on the day of the litigation, decided against another drawn-out legal battle. When CBD contacted Turnbull on Thursday he declined to comment but those close to the case said he’s already made good and paid the $500,000.
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