NZX v Ralec trial gets underway, opening submissions to take at least a week

Mon, 02 May 2016

By Sophie Boot May 2 (BusinessDesk) - Stock market operator NZX and Australia's Ralec finally got the opportunity to face off in the Wellington High Court on day one of what's expected to be a nine-week trial that will call witnesses including embattled Mediaworks chief executive Mark Weldon. NZX and Ralec have made claim and counterclaim over NZX's purchase of the Australian Clear Grain Exchange in 2009. NZX is suing for between A$20.7 million and A$37.6 million, and Ralec has countered with a suit totalling A$14 million plus bonuses....

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