A former investor in international surfwear brand Rusty has failed in his bid to recoup more than $2 million he sunk into the company in 2006 when employed as Rusty's in-house legal adviser.

A former investor in international surfwear brand Rusty has failed in his bid to recoup more than $2 million he sunk into the company in 2006 when employed as Rusty's in-house legal adviser.