Legal challenge to Being AI's CEO consultancy sale

Legal challenge to Being AI's CEO consultancy sale
Being AI purchased the consultancy from CEO and director David McDonald in March. (Image: Being AI)
Rebecca Stevenson
Being AI says the proposed sale of its consultancy business back to executive director David McDonald is subject to a legal challenge. On Wednesday morning, Being AI said parties associated with McDonald had “challenged the validity of the sale”. In a notice to the New Zealand Exchange (NZX), Being AI asked for a further trading halt of its shares.  It said the halt was necessary to allow McDonald time to resolve the legal challenge, to ensure “it has certainty” to the validity of the sale and “to ob...

More Markets

NZX’s Mark Peterson to step down after nine years as CEO
Markets

NZX’s Mark Peterson to step down after nine years as CEO

Peterson said the time was right for him to step down.

SkyCity expects to get NZICC keys in 90 days
Markets

SkyCity expects to get NZICC keys in 90 days

The New Zealand International Convention Centre might even host some events this year.

NZ sharemarket dips as F&P Healthcare, Infratil shares fall
Markets Market Close

NZ sharemarket dips as F&P Healthcare, Infratil shares fall

The country’s biggest company fell in value on Wednesday, driving the NZX down.

Tom Raynel 23 Jul 2025
SkyCity swipes right on regulators, but maybe left on revenue
Markets

SkyCity swipes right on regulators, but maybe left on revenue

Mandatory carded play is now in place across all of SkyCity’s NZ properties.

Dileepa Fonseka 23 Jul 2025