NZX pays A$35k to Ralec's over employment dispute

Fri, 22 Jun 2012

By Paul McBeth June 22 (BusinessDesk) - NZX was ordered to pay A$34,800 plus interest and costs to the Ralec group of companies by the County Court of Victoria. The award related to the six months Ralec shareholder Grant Thomas spent working with the stock exchange operator when he sold NZX the Clear Grain Exchange. That's the second loss for the stock exchange after it was ordered to pay Thomas A$259,705 by a Melbourne court last year having reached a settlement with the Clear exchange founder. "The conclusion of this matter leaves the way...

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