Happier times . . . Adam Parore and Sally Ridge
Sally Ridge turned down a $250,000 settlement offer one
week before her High Court trial with former partner Adam
The Auckland socialite and her daughter, Jaime, took Mr
Parore to the High Court at Auckland last September seeking a
50 per cent shareholding in the former international
cricketer's Small Business Accounting (SBA) company and the
back payment of unpaid dividends.
The couple split in 2010 after nine years together. Ms Ridge
told the court last September she continued receiving regular
dividend payments from the company until September 2011. When
they stopped, she was forced to take a mortgage holiday and
However, in his judgment released last month, Justice Murray
Gilbert said "Ms Ridge's claim fails at the first hurdle".
"There was never any intention that the trustees of the
Parore Trust would hold 50 per cent of the shares in SBA on
trust for the beneficiaries of the Ridge Trust. This finding
is fatal to the plaintiff's claim."
In a costs judgement released yesterday, Justice Gilbert
revealed that the Ridges were offered a number of settlements
prior to the High Court trial.
The first, on November 15, 2012, was for $240,000, to be paid
in 24 monthly instalments of $10,000. The Ridges rejected the
offer the following day.
The second offer, on April 16, last year, was calculated by
the defendants to represent a cash benefit of $500,000, or a
75/25 allocation in Ms Ridge's favour of all assets at the
date of their separation. The Ridges did not respond to the
offer, Justice Gilbert said.
A final settlement offer was made on September 6, 2013,
valued at approximately $250,000. It was rejected on
September 9 - one week before their High Court trial.
In his judgement, Justice Gilbert said at the beginning of
the trial the Ridges had filed six causes of action, however
by the time their closing submissions were delivered, they
had abandoned all but one.
While the abandoned causes of action had no prospect of
succeeding and inevitably would have failed, Mr Parore's
legal team had to prepare responses nonetheless, Justice
"There is no doubt that the addition of these causes of
action, all of which lacked merit, significantly increased
the costs reasonably incurred by the defendants."
He described the Ridges' sole remaining cause of action as
"equally hopeless" and awarded Mr Parore scaled costs of
$73,232 plus disbursements of $31,610.
Justice Gilbert also awarded Mr Parore a 50 per cent uplift
for any costs incurred after January 1, 2013.
Yesterday Mr Parore said the decision spoke for itself, and
declined to comment further.
Ms Ridge declined to comment on Justice Gilbert's costs
judgement or why the pre-trial settlement offers were not
accepted. She said they had yet to decide whether they would
appeal Justice Gilbert's original decision.
- By Brendan Manning of APNZ