Timber King, NZ Steel Distributor ordered to pay $401k over steel mesh misrepresentations

Thu, 26 Apr 2018

By Paul McBeth April 26 (BusinessDesk) - Related building products companies Timber King and NZ Steel Distributor have been fined $400,950 after pleading guilty to making false and misleading representations about their steel mesh products used to strengthen buildings. Judge Robert Ronayne sentenced the two companies in the Auckland District Court on April 24, reducing the fine from a starting point of $660,000 for the firms' cooperation, guilty pleas and taking into account their claimed financial position. The Commerce Commission br...

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