Source : PERTHNOW NEWS
The legal battle between Guy Sebastian and his former manager has finally come to a close as Titus Day acknowledges making an accounting mistake.
Mr Sebastian launched proceedings against Titus Day in the Federal Court in 2018.
The former manager, in turn, filed a counterclaim against the Aussie pop star.
Mr Day faced two separate trials over allegations he embezzled thousands of dollars from Mr Sebastian, with the Director of Public Prosecutions withdrawing all charges during the second trial last year.
The decision came after the jury in the NSW District Court found him not guilty of four counts of embezzlement but were discharged after they remained hung on the other 31 charges.
The Federal Court proceedings have now come to an end nearly a decade after they were sparked, with Mr Day writing that a series of payments should have been paid to Mr Sebastian but were not.
“There were many instances in which payments that should have been passed onto Guy, were not,” Mr Day said in a statement.
“My management company’s failure to properly account for and pass on those payments to Guy was the result of my mistake. I accept that my failures at that time had a serious and regrettable impact on Guy and his family, for which I apologise.
“There is now an agreement in place to bring the legal dispute to an end.”
The Australian Idol winner has issued a statement after the case’s resolution, thanking his legal team and family for standing by his side.
“I never could have imagined the twists and turns this ordeal would take,” the singer said in a statement to media.
“With the accountability shown and the apology Mr Day has provided in his statement, I am prepared to put aside my claim against him, forgive, and move forward.”
More to come
