Steel & Tube to defend $1.75 mln lease contract claim

Sun, 19 Oct 2014

By Paul McBeth Oct. 20 (BusinessDesk) - Steel & Tube Holdings, the steel products manufacturer, says it is defending a $1.75 million claim in the High Court today over a disputed lease contract. The Lower Hutt-based company denies any legal responsibility for losses relating to a contract lease contract between its former subsidiary Stube Industries, which was liquidated last year, and Lewis Holdings, it said in a statement. Steel & Tube will defend proceedings at the High Court in Wellington today after an extensive period of negotiation...

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