Ihug's former co-founder, Tim Wooden, is being sued by his ex-wife Sasha, in a Superior Courtroom case involving three Queen's attorneys.
Tim is greatest recognized for founding the ihug web firm together with his brother Nick, which grew to become the third largest ISP in New Zealand earlier than being offered in 2003 for $ 82 million.
A preliminary listening to was held at present within the Superior Courtroom of Auckland, with plaintiff Sasha represented by a very powerful divorce lawyer, Deborah Chambers, QC.
Jan McCartney QC represents Tim in his private capability, whereas Jane Anderson QC represents a number of trusts concerned within the dispute.
The case is in its early levels and, as such, affiliate choose Roger Bell excluded the media from this morning's listening to.
The affiliate choose did so as a result of the protection attorneys opposed the presence of BusinessDesk.
At this time's courtroom checklist signifies that the listening to was for a request for price safety. That is typically sought if a defendant believes that a plaintiff can not pay the prices if he loses.
The general public checklist additionally signifies that discovery is an issue.
Within the 1990s, the house owners of the ISP, Tim, Nick and Father John, had been stated to be price $ 75 million in keeping with the wealthy annual checklist of the Nationwide Enterprise Evaluate, however since then they’ve disappeared from the publication's radar .
The online entrepreneur owns a 37% stake in Mexicali Recent and Mariposa Restaurant Holdings, proprietor of Burger Wisconsin, by the Mirage Property Investments firm.
Tim and Sasha had additionally been concerned within the native movie business, incomes credit from affiliate producers in & # 39; The Darkish Horse & # 39; in 2015. At the moment, media journalist Russell Brown reported that Woods invested $ 500,000 within the film starring Cliff Curtis.
In keeping with the 2015 annual report of the New Zealand Movie Fee, the movie, a couple of chess participant, generated $ 1.95 million on the field workplace.
The duo was additionally an affiliate producer within the drama of the native artwork home & # 39; Every thing We Cherished & # 39 ;.
Sasha retains a shareholding within the 4 Knight & # 39; s Movie manufacturing firm, whereas Tim ceased to be a shareholder in August 2017.