Fonterra offered inferior deal to farmers out of revenge, lawyer tells Court of Appeal

Wed, 14 Sep 2016

By Sophie Boot Sept. 14 (BusinessDesk) - Fonterra Cooperative Group held a grudge against farmers who had left and offered them a worse deal than the rest of its suppliers as an act of revenge when it bought a failed Canterbury dairy business out of receivership, the Court of Appeal has heard. The milk processor is appealing a decision by the High Court in Auckland last December, where Justice Matthew Muir ruled it breached the Dairy Industry Restructuring Act (DIRA) under which it operates by imposing inferior terms on farmers who had pr...

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