Overview

• Testifying in London, Candy said he felt he looked “stupid” for trusting what he called “blatant lies” about blue-chip backing for Aaqua.
• CVS alleges Robert Bonnier claimed Apple and LVMH would invest around $1 billion and messaged that Apple’s backing was “a foregone conclusion,” which never materialized.
• The 2021 deal saw CVS transfer 1.5 million Audioboom shares and agree to buy 15,000 Aaqua shares, investments now linked in court to an insolvent company.
• Bonnier is representing himself but was barred in August from advancing a factual defence for breaching court orders, and he cannot cross-examine CVS witnesses.
• In filings, Bonnier accepts he overstated Aaqua’s prospects yet argues CVS conducted its own diligence, disputes causation of any loss, and says he personally invested over €20 million.