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[BUSINESS] · Australia · 6 sources

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Part of situation: Karl Stefanovic podcast business dispute (2 clusters)

Karl Stefanovic faces buyout or liquidation in podcast legal battle

Karl Stefanovic Keshnee Ibrahim 123 Podcast Pty Ltd NSW Supreme Court business dispute

Karl Stefanovic is engaged in a legal dispute with his business partner, Keshnee Ibrahim, over the ownership and control of their podcast production company, 123 Podcast Pty Ltd. During a preliminary hearing in the NSW Supreme Court, Justice David Hammerschlag indicated that the parties must either reach a buyout agreement or liquidate the company to resolve their “irretrievably broken down relationship.”

Ibrahim, who holds a 45 per cent stake in the company, has accused Stefanovic of running the venture in an “oppressive... unfairly prejudicial... or unfairly discriminatory” manner in an attempt to oust her. Stefanovic maintains effective control through his own 45 per cent shareholding and a 10 per cent stake held by his accountant, Anthony Bell.

The dispute follows a period of tension that reportedly includes disagreements over a controversial interview conducted by Stefanovic. The podcast has not released new episodes for three weeks. The matter is scheduled for further hearings in October.

Entities

123 Podcast Pty Ltd · David Hammerschlag · Karl Stefanovic · Keshnee Ibrahim · NSW Supreme Court

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] Keshnee Ibrahim accused Karl Stefanovic of running the podcast venture in an oppressive, unfairly prejudicial, or unfairly discriminatory manner. www.smh.com.au · www.theage.com.au
  • [● 2 SOURCES] The court heard there has been an irreconcilable breakdown in the relationship between Ibrahim and Stefanovic. www.smh.com.au · www.theage.com.au
  • [○ 1 SOURCE] The Karl Stefanovic Show podcast has not published new episodes for three weeks. www.watoday.com.au
  • [● 2 SOURCES] Karl Stefanovic holds a 45 per cent shareholding in the company, with an additional 10 per cent held by his accountant, Anthony Bell. www.smh.com.au · www.theage.com.au
  • [○ 1 SOURCE] Keshnee Ibrahim owns a 45 per cent stake in the production company 123 Podcast Pty Ltd. www.watoday.com.au
  • [● 2 SOURCES] Justice David Hammerschlag suggested the parties must either agree to a buyout or liquidate the company to resolve their relationship. www.smh.com.au · www.theage.com.au

Sources

Karl Stefanovic’s Business Partner Launches Court Battle [internewscast.com]
Stefanovic denies 'oppressing' podcast business partner [www.perthnow.com.au]
Stefanovic told to buy out his business partner or liquidate podcast company [www.smh.com.au]
Stefanovic denies ‘oppressing’ podcast business partner [theqldr.com.au]
Karl Stefanovic and Keshnee Ibrahim in Supreme Court legal battle [www.watoday.com.au]
Stefanovic told to buyout his business partner or liquidate podcast company [www.theage.com.au]