UPDATE: Weldon says Clear Grain platform was 'inflexible', Graincorp not on board

Mon, 16 May 2016

(Recasts first 8 paragraphs to reflect further comment from Weldon) By Sophie Boot May 16 (BusinessDesk) - The Clear Grain Exchange was not as flexible as NZX had been told it was before acquiring the business, former chief executive Mark Weldon told Wellington's High Court this afternoon. Weldon appeared for the first time in week three of the lawsuit between NZX and Ralec, the former owners of the grain exchange. The trial, which is expected to last nine weeks, is over NZX's purchase of Australia's Clear Grain Exchange in 2009. NZX i...

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