NZX says Ralec case settled, no appeal by either party

Thu, 01 Dec 2016

By Edwin Mitson Dec. 1 (BusinessDesk) - NZX, the stock market operator, says it has settled all outstanding matters connected to the litigation by Ralec and neither party will appeal the decision. "Today’s announcement means that NZX can finally move on and put this matter behind us once and for all, and direct our valuable resources to growing our business," outgoing chief executive Tim Bennett said. NZX bought the Clear Grain Exchange from Ralec in 2009 when it was run by chief executive Mark Weldon. The stock market operator had cl...

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