Peter Lim wins against RTC

[Ithunk]

BILLIONAIRE investor Peter Lim has won his defamation suit against the main shareholders of Raffles Town Club (RTC), after the Court of Appeal ruled in his favour on Thursday.

 

The stunning verdict is likely to lead to a big payout to Mr Lim as the court also ordered the defendants - Mr Lin Jian Wei and Ms Margaret Tung - to pay aggravated damages.

 

Mr Lim had claimed that a statement signed by Mr Lin Jian Wei and Ms Margaret Tung was defamatory, as it implied that the club's financial difficulties were due to mismanagement by the original directors, of whom he was one.

 

This was Mr Lim's second attempt at clearing his name, after his defamation action was dismissed by the High Court in February. Justice Chan Seng Onn had then found the statement to be defamatory, but ruled that it was published on an occasion of qualified privilege and that the purpose was not to hurt Mr Lim's reputation.

 

The statement, issued in 2005, was to explain a scheme of payment the club had to make to its members who had successfully sued it for recruiting too many members. The club had to come up with the scheme as it was unable to pay the damages.

 

Under Thursday's 34-page ruling, Mr Lin and Ms Tung were ordered to pay aggravated damages and cost of indemnity to Mr Lim.

 

[Ithunk]

seems like billionaires have another way to earn cash.....suing for defamation

[Hamburger]

r referring..... [sweatdrop]

[Ithunk]

anyway the case is complicated, not as easy as it looks

[Dunno]

seems like billionaires have another way to earn cash.....suing for defamation

 

Not only billionaires. Some white shirts also.

[Hamburger]

Not only billionaires. Some white shirts also.

walau........u more hiong than mi

[Dunno]

walau........u more hiong than mi

 

I also wear white shirts to office sometimes mah.

[Hamburger]

I also wear white shirts to office sometimes mah.

mi too, but i definitely don wear white pants .

[Locknload]

I also wear white shirts to office sometimes mah.

Aiyah, if you wear matching white pants, sure win!

[Hondacub777]

By the way,he can buy the whole club.

[Jamesc]

Well done Peter Lim.