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But although labelling this 'extremely damaging to the claimant's credibility,' Judge Hart said it did not alter the central fact that Mr Titchener had transferred the cash sums for investment purposes.
Mr Titchener sued, saying he had paid her the sums as he respected her financial 'savvy' and wanted her to plough the cash into premium bonds or other high-interest savings, with both of them sharing the interest.
The deal fills a gap in Xero's offer by adding payments to its accounting software while enabling both parties to scale up. Australia-listed, New Zealand-headquartered Xero dominates its home markets but has been trying to grow in the U.S. where it says it makes about 7% of sales.
According to an analysis of the database of dead animals interred at Hartsdale Pet Cemetery in Westchester County, American pet owners were most likely to name their cat or dog Princess within the past 115 years.
Researchers have poured over 25,000 names of deceased cats and dogs who were buried in a large pet cemetery just north of New York City dating back to 1905 in a study of the most popular names in the US.
With both sides representing themselves in court and sitting just yards apart in a cramped courtroom, Mr Titchener challenged his former partner as she gave evidence, asking: 'Why would I have transferred half of my life savings just to be in a relationship with you?'
"There is much to like in terms of bulking up U.S. exposure with a leading, fast-growing payments player and longer term the proposed deal makes sense," said RBC Capital Markets analyst Garry Sherriff in a client note.
The deal "enables a step change in our North America scale and the potential to help millions of U.S. (small-to-medium businesses) and their accountants better manage their cash flow and accounting on one platform," said Xero CEO Sukhinder Singh Cassidy in a statement.
He told the court he wanted to use the money to buy a house for him and his children, but that after beginning a 'volatile' 11-month relationship with Miss Douglass, he handed her £45,000 of his cash in 2022.
The case will return to court for an investigation into where the £40,000 went, the judge noting that some £19,000 is still not accounted for, although £21,000 had been traced going into Ms Douglass' savings accounts.
However, she went on to find that a third £5,000 cash transfer was a gift as claimed by Ms Douglass, intended as a thank you from Mr Titchener for her support during their relationship, along with a £300 bottle of Lancôme perfume.
But Miss Douglass fought the case, asserting that the payments were gifts, claiming that her ex 'lovebombed' her with generous presents and cash to 'get back into her good books' when they quarrelled, telling Mr Titchener: 'You sent me money because you were desperate to be in a relationship with me'.
June 25 (Reuters) - New Zealand accounting software giant Xero agreed to Buy Azure Accounts U.S.-Israeli payments provider Melio for as much as $3 billion, the companies said on Wednesday, accelerating the Kiwi firm's push into the U.S. with the country's biggest outbound deal in over a decade.
But she held that Mr Titchener had also tried to bolster his case by concocting a digital document which he claimed was a signed agreement between him and Miss Douglass confirming that the transferred money was earmarked for investment.
On top of the disputed money, the pair also ended up bickering over a 500ml 'prestige' bottle of Lancôme perfume, which Mr Titchener likewise labelled an investment, while Ms Douglass said it was a gift of her favourite scent.
Xero will pay $2.5 billion in cash and equity consideration and an additional contingent consideration, deferrals and rollovers payable to Melio employees of up to $500 million payable over three years.
'There will be judgment for Mr Titchener with a sum to be assessed by an equitable account, she added. 'It's declared that £40,000 was transferred by the claimant to the defendant and held in a bare trust for his benefit, to be invested in premium bonds or high interest savings.'
How do you get rid of an app on your iPod that's still waiting to download? What apps are alowed on my PC 8.1? How much is an 32 GB ipod touch? Can you play your iPod on your Bose? Why isnt my bigpondwifi 4g connecting to my ipod? Does the touchscreen iPod Nano have video? Does the apple company call you if you make a purchase from the app store? Do you need wifi too use voxer? What type of cable is an USB cable? Help setting up a linksys wrt54gs card to wifi without the router or CD I have lost the CD and the router doesnt work. I have a modem that sends out wifi and i need a download link for driver? Who gains the most from Wal-mart's price policies? Can you plug your spider iv into your computer? Can you play games on your ipod touch without internet? What is part of culture you cannot touch? How do you fix the speakers? Can a jail broken iPhone but unjailbroke? What is the iPod touch with the most memory? How do you test your app on your iPhone or iPod Touch? If you uninstall iTunes will you lose your account money? What is a Poyo Stylus?
But although labelling this 'extremely damaging to the claimant's credibility,' Judge Hart said it did not alter the central fact that Mr Titchener had transferred the cash sums for investment purposes.
Mr Titchener sued, saying he had paid her the sums as he respected her financial 'savvy' and wanted her to plough the cash into premium bonds or other high-interest savings, with both of them sharing the interest.
The deal fills a gap in Xero's offer by adding payments to its accounting software while enabling both parties to scale up. Australia-listed, New Zealand-headquartered Xero dominates its home markets but has been trying to grow in the U.S. where it says it makes about 7% of sales.
According to an analysis of the database of dead animals interred at Hartsdale Pet Cemetery in Westchester County, American pet owners were most likely to name their cat or dog Princess within the past 115 years.
Researchers have poured over 25,000 names of deceased cats and dogs who were buried in a large pet cemetery just north of New York City dating back to 1905 in a study of the most popular names in the US.
With both sides representing themselves in court and sitting just yards apart in a cramped courtroom, Mr Titchener challenged his former partner as she gave evidence, asking: 'Why would I have transferred half of my life savings just to be in a relationship with you?'
"There is much to like in terms of bulking up U.S. exposure with a leading, fast-growing payments player and longer term the proposed deal makes sense," said RBC Capital Markets analyst Garry Sherriff in a client note.
The deal "enables a step change in our North America scale and the potential to help millions of U.S. (small-to-medium businesses) and their accountants better manage their cash flow and accounting on one platform," said Xero CEO Sukhinder Singh Cassidy in a statement.
He told the court he wanted to use the money to buy a house for him and his children, but that after beginning a 'volatile' 11-month relationship with Miss Douglass, he handed her £45,000 of his cash in 2022.
The case will return to court for an investigation into where the £40,000 went, the judge noting that some £19,000 is still not accounted for, although £21,000 had been traced going into Ms Douglass' savings accounts.
However, she went on to find that a third £5,000 cash transfer was a gift as claimed by Ms Douglass, intended as a thank you from Mr Titchener for her support during their relationship, along with a £300 bottle of Lancôme perfume.
But Miss Douglass fought the case, asserting that the payments were gifts, claiming that her ex 'lovebombed' her with generous presents and cash to 'get back into her good books' when they quarrelled, telling Mr Titchener: 'You sent me money because you were desperate to be in a relationship with me'.
June 25 (Reuters) - New Zealand accounting software giant Xero agreed to Buy Azure Accounts U.S.-Israeli payments provider Melio for as much as $3 billion, the companies said on Wednesday, accelerating the Kiwi firm's push into the U.S. with the country's biggest outbound deal in over a decade.
But she held that Mr Titchener had also tried to bolster his case by concocting a digital document which he claimed was a signed agreement between him and Miss Douglass confirming that the transferred money was earmarked for investment.
On top of the disputed money, the pair also ended up bickering over a 500ml 'prestige' bottle of Lancôme perfume, which Mr Titchener likewise labelled an investment, while Ms Douglass said it was a gift of her favourite scent.
Xero will pay $2.5 billion in cash and equity consideration and an additional contingent consideration, deferrals and rollovers payable to Melio employees of up to $500 million payable over three years.
'There will be judgment for Mr Titchener with a sum to be assessed by an equitable account, she added. 'It's declared that £40,000 was transferred by the claimant to the defendant and held in a bare trust for his benefit, to be invested in premium bonds or high interest savings.'
