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Austock settles Groves share sale claim

Failed child-care tycoon Eddy Groves has settled a multimillion-dollar legal claim against Austock in a confidential deal, but the stockbroker says it has not admitted liability.

Patrick Durkin
Patrick DurkinBOSS Deputy editor
Updated

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Failed child-care entrepreneur Eddy Groves has settled a multimillion-dollar legal claim against his stockbroker, Austock .

The week-long trial had been due to begin yesterday in the Supreme Court of Victoria.

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Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com

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    Original URL: https://www.afr.com/politics/austock-settles-groves-share-sale-claim-20120827-j1xql