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Surfstitch drowns one litigation

Embattled surfwear chain Surfstitch has cleared one litigation swell, after resolving its case with the Three Crowns group of companies in an out-of-court settlement. In a market update, administrators of Surfstitch Group John Park, Quentin Olde and Joseph Hansell of FTI Consulting said both parties “met in good faith and resolved the proceedings between them”. “The Three Crowns group of companies and its officers have strongly denied each of the allegations made by SurfStitch in the proc