Appeal Court turns down Fonterra's bid to keep inferior terms for ex-NZDL suppliers

Wed, 16 Nov 2016

By Paul McBeth Nov. 16 (BusinessDesk) - Fonterra Cooperative Group has lost its bid to overturn a High Court ruling against inferior terms offered to the suppliers of the failed New Zealand Dairies Ltd business in South Canterbury. The Court of Appeal bench, comprising Justices Tony Randerson, Helen Winkelmann and Brendan Brown, today rejected Fonterra's application to throw out a ruling that it breached the Dairy Industry Restructuring Act by imposing less favourable terms on farmers who had previously supplied NZDL. Fonterra bought...

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