Rubicon's Arborgen to appeal US$53 mln employment court ruling

Wed, 16 Dec 2015

By Paul McBeth Dec. 16 (BusinessDesk) - Rubicon, the NZX-listed forestry biotech company, says it will vigorously appeal a US$53 million ruling in favour of nine former employees of its part-owned seedling company ArborGen. In September, Auckland-based Rubicon said the South Carolina lower court had signalled it would likely rule in favour of former staff, and today the company said the nine plaintiffs had been awarded US$43 million in damages and US$10 million in interest and costs. Rubicon and Arborgen co-owners International Paper and...

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