Billionaire media baron Kerry Stokes might consider the millions he’s spending defending the Victoria Cross recipient a drop in the ocean, but how do his shareholders feel?
It’s a good thing Kerry Stokes has deep pockets.
As the pre-trial hearings in Victoria Cross recipient and alleged war criminal Ben Roberts-Smith’s defamation case drag on, the legal bills for the billionaire media baron are piling up.
Stokes is backing Roberts-Smith in the fight against allegations made by Nine (formerly Fairfax Media), with a blockbuster Federal Court trial due to start on June 7. And with a judge agreeing the trial is likely to stretch for between eight and 10 weeks, insiders say Roberts-Smith’s legal costs could quickly hit $5 million, with at least $3.5 million likely to have been spent on lawyers and barristers so far.
Just how high can the Victoria Cross recipient’s legal costs rise? Keep reading to find out.
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