# Hipgnosis Songs Fund Limited Litigation Update

- Link: https://www.directorstalkinterviews.com/hipgnosis-songs-fund-limited-litigation-update/4121144379
- Published: 2024-02-26T07:25:52+00:00
- Author: Emily Johnson

**Hipgnosis Songs Fund Limited** (LON:SONG) announced on 5 February 2024 that it
is seeking to secure an indemnity from Merck Mercuriadis and Hipgnosis Songs Management
Limited, which is majority owned by funds managed and/or advised by Blackstone, 
further to High Court proceedings being issued and served upon Mr Mercuriadis, the
Investment Adviser and the Company. The Company further announced on 19 February
2024 that the Investment Adviser has refused to give such an indemnity.

Hipgnosis Songs Fund Limited has now been informed by Mr Mercuriadis that he is 
refusing to indemnify the Company against liabilities which may arise from his alleged
misconduct.

The Company now intends to bring a Part 20 Claim in the High Court against Mr Mercuriadis
in which it will seek a full indemnity.

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