CORRECT: Settling grain exchange dispute better for both parties as NZX faces legal bill of up to $10M: Bennett

Thu, 19 May 2016

(Fixes annualised spend on litigation in 2nd graph) By Paul McBeth May 20 (BusinessDesk) - NZX chief executive Tim Bennett says settling the long-running dispute with the former owners of the Clear Grain Exchange would have been in both parties' interests with 11-week long trial and its five-year lead-up likely to cost the stock market operator as much as $10 million. Speaking to shareholders at today's annual meeting in Auckland, Bennett said he couldn't comment in detail on the litigation as it's currently before the High Court, but...

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