'Nil-all draw' in NZX vs Ralec verdict

Wed, 16 Nov 2016

By Sophie Boot Nov. 16 (BusinessDesk) - Neither Ralec nor NZX will get a payout from their seven-year High Court dispute, with Justice Robert Dobson ruling that both sides' claims were valid but neither could demonstrate a financial impact if things had been different. The case was heard at the High Court in Wellington from May 2 to July 13 this year. The stock market operator claimed Clear’s former owners, Grant Thomas and Dominic Pym, and their companies Ralec Commodities and Ralec Interactive misled NZX with “wildly inaccurate” forecas...

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