NZX didn't mean to 'entice' Ralec with 'approved-ish' investment plan, witness says

Fri, 27 May 2016

By Sophie Boot May 27 (BusinessDesk) - NZX was not trying to entice Clear's vendors into selling it the business with false promises about the agri-portal, Wellington's High Court has heard. The stock market operator is suing Dominic Pym, Grant Thomas, and their companiesRalec Commodities and Ralec Interactive for providing “wildly inaccurate” forecasts prior to NZX buying the Australian grain trading platform in 2009. Ralec's counterclaim says NZX and former chief Mark Weldon under-funded the business, meaning it couldn't meet earn-out t...

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