The Alan Edwards Higgs Charity have issued the following statement following the High Court verdict.
"The Trustees are disappointed at the decision not to allow its claim for £29,000 for fees incurred.
The Trustees are however pleased that the counterclaim for £290,000 was dismissed as "hopeless" and that the judge made plain that the criticisms made by Sisu of the Trustees' conduct were "misplaced and unfortunate allegations".
The Trustees were duty bound to pursue their claim and defend Sisu's counterclaim in order to protect the Charity's funds.
Given the judge's decisions each party agreed to meet their own costs."