Hipgnosis Songs Fund (HSF)'s dispute with its founder Merck Mercuriadis took yet another turn today, as the fund revealed it hoped to secure an indemnity to make him liable for any payments from a lawsuit that accuses him of stealing the idea for the music rights fund.
As reported in the Sunday Times yesterday, liquidators of a collapsed business named Hipgnosis Music Limited (HML), which Mercuriadis was a director of, have accused the music mogul of “the unlawful diversion of the Hipgnosis business opportunity”.
