Settling grain exchange dispute better for both parties as NZX faces legal bill of up to $10M: Bennett

Thu, 19 May 2016

By Paul McBeth May 20 (BusinessDesk) - NZX chief executive Tim Bennett says settling the long-running dispute with the former owners of the Clear Grain Exchange would have been in both parties' interests with 11-week long trial and its five-year lead-up likely to cost the stock market operator as much as $10 million. Speaking to shareholders at today's annual meeting in Auckland, Bennett said he couldn't comment in detail on the litigation as it's currently before the High Court, but that the stock market operator's total legal cost will...

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