Litigation heals Mike Pero wounds
The Christchurch businessman and his recent legal foe lobbed a surprise curveball on Thursday - announcing they have resolved all their differences.
In a joint statement, Pero and MPM CEO Mark Collins say they are committed to working together on the Mike Pero real estate and mortgages businesses, under one unified umbrella.
The announcement comes after four years of bitter legal wrangling between the business partners, who were 50/50 partners in Mike Pero Real Estate (MPRE).
While the dispute was prompted by Pero’s overpayment of himself back in 2014, by the time the latest proceedings hit the Auckland High Court again, earlier this month, the argument was about whether Pero and the MPM directors were in deadlock.
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