National broking network OAMPS is confident it won’t have to pay any of National Australia Bank’s (NAB) claim for costs as a result of the dismissed litigation with IT systems-developer, Idoport.

According to The Australian newspaper, the NAB is reportedly pursuing Idoport stakeholders for about $75 million in costs in the $50 billion case. And although no statement of claim has made its way to OAMPS’ head office, the group confirms it has received letters from the NAB’s solicitors Freehills.

Idoport MD John Maconochie took the bank to court in a $50 billion breach of contract suit relating to online e-commerce systems development. He failed.

The Australian columnist Michael West says that back in 1999, former OAMPS CEO Kingsley Lamont bought a stake in Australian International Insurance – a Idoport stakeholder – in order to “get a slice” of the NAB litigation.

In a statement OAMPS said it’s confident that “neither OAMPS not Australian International has an exposure to any costs that Idoport may bear”. It says the insurer has only acted as a shareholder of Idoport, and hasn’t been involved with the group at a higher level.