Wrightson, Rural Livestock cop $3.2 mln settling NAIT price-fixing claim

Mon, 21 Dec 2015

By Paul McBeth Dec. 22 (BusinessDesk) - NZX-listed rural services firm PGG Wrightson and stock and station company Rural Livestock have agreed to pay $3.2 million in penalties and costs after settling price-fixing claims from the introduction of the National Animal Identification Tracing Act 2012. In separate High Court hearings in Auckland, Wrightson was fined $2.7 million and agreed to pay $50,000 in costs to the Commerce Commission, while Rural Livestock was handed a $475,000 penalty, the regulator said in a statement. The commissi...

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