NZX, with legal bill of $4 mln and counting, shows no signs of caving in Clear Grain dispute

Tue, 10 Mar 2015

By Paul McBeth March 10 (BusinessDesk) - NZX, the stock market operator, shows no signs of backing down in its dispute with the former owners of the Clear Grain Exchange, with a legal bill set to reach $4 million even before the case is heard in 2016. The Wellington-based company expects to spend a minimum $1 million on legal fees related to the dispute this calendar year, adding to the $3 million already spent on lawyers in the dispute with Clear’s former owners, Grant Thomas and Dominic Pym, and their companies Ralec Commodities and Ra...

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