ComCom appeals Steel & Tube sentence

Mon, 19 Nov 2018

By Gavin Evans Nov. 20 (BusinessDesk) - The Commerce Commission is appealing the record $1.89 million fine imposed against Steel & Tube Holdings for misrepresenting steel mesh products it sold. The regulator said Auckland District Court Judge Warren Cathcart erred last month by not adequately taking into account the size of Steel & Tube and the potential it had to gain from the misconduct. Nor had the judge properly attributed the knowledge of a Steel & Tube manager to the company. The commission won’t comment further now the matter...

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