Former world champion surfer Mark Occhilupo is getting back in the water today. Occhilupo has been in an ongoing legal battle with former financial adviser Noel Holmes. The dispute, over some 21,739 funds and other financial benefits, ended today out of court. Lawyers from both sides spent the better part of the day in private discussions before coming to a settlement of undisclosed amounts. The 44-year-old was all smiles today as he left Brisbane Supreme Court saying, “The first thing when I get back to the coast I’ll be going for a surf for sure and take my shirt off.”

Here’s more from couriermail.com.au article:

The court was told Holmes gave Occhilupo a cheque for $50,000 in July 2000 to purchase the shares in the surfing company just months before it was floated on the Australian Stock Exchange.

Holmes this week gave evidence at the hearing and said he advised Occhilupo and his former wife Beatrice to buy Billabong shares because he thought they “would do well”.