Mike Pero v MPM $2.5 mill debt fight back in court
Arguments over the non-disclosure of documents mean that lawyers for Pero’s legal foes have asked for a looming trial date to be adjourned till a later date.
At the heart of the matter is the real estate magnate’s approximately $2.5 million debt to Mike Pero Real Estate, which is part-owned by Mike Pero Mortgages Ltd (MPM)
Pero no longer has a stake in MPM - which is now owned by the Liberty Financial Group - but he is in a 50/50 joint venture with them in the ownership of Mike Pero Real Estate.
Back in 2016, Pero, who is also CEO of Mike Pero Real Estate, was found by a High Court judge to have given himself a pay rise without his co-owner's approval.
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