ARTISAN UK, the little Cambridgeshire-based housebuilder, has won out in an acrimonious two-year legal battle over the disposal of a subsidiary company. The sale of the appropriately named Bickerton business ended up with a spat in the courts when Infiniteland, which bought it in June 2001, claimed it was misled over the value of contracts and profitability at Bickerton. The High Court has found that the claims fail and that Artisan's counter-claim for deferred payments totalling pounds 502,000 is successful. There will be another hearing soon to decide on costs and interest.
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