FSL Trust's manager and ex-CEO reach settlement over legal spat

FSL Trust Management - the trustee management of First Ship Lease Trust - on Monday said that it has settled a legal suit that it brought against its former chief executive officer, Alan Hatton. 

The legal suit was made public in July 2017, with FSL Trust alleging that Mr Hatton had breached his duties. Mr Hatton had subsequently commenced a counterclaim. On Monday, the parties said that both the claim and the counterclaim have been "amicably resolved, and the allegations of all parties are withdrawn".