Fonterra wanted visible penalty for suppliers of failed dairy firm, lawyer tells Supreme Court

Fonterra wanted visible penalty for suppliers of failed dairy firm, lawyer tells Supreme Court
Sophie Boot
(Updates to recast with response from farmers' lawyer) By Sophie Boot July 27 (BusinessDesk) - Fonterra Cooperative Group penalised South Canterbury farmers who had been supplying a failed dairy company it took over to avoid bad optics with its existing suppliers and to show there would be consequences for leaving, the farmers' lawyer has told the Supreme Court. Last November, the Court of Appeal rejected Fonterra's application to throw out a High Court ruling that it breached the Dairy Industry Restructuring Act by imposing less favou...