Seven months after I revealed that the Spiritualists' National Union (SNU) was claiming to own the assets of Psychic News – the weekly Spiritualist newspaper it closed in July last year – I can now disclose that the Union has had to concede that the newspaper's title, archives and other assets are not its possessions.
This revelation is contained in a statement that has just been posted on the News pages of the Spiritual Truth Foundation (STF), of which I am a trustee. The STF, as the previous owner of Psychic News, disputed the SNU's claim and took legal advice which it presented to SNU representatives and the Joint Liquidators in January.
The Joint Liquidators have now approved this brief statement:
As a result of discussions between the parties involved and following legal advice, it has been determined that the disputed assets referred to in the November 17, 2010, joint statement belong to Psychic Press (1995) Ltd, now in liquidation.
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