NZX advises that it has today filed suit against Ralec Commodities Pty Limited, Ralec Interactive Pty Limited, Grant Thomas, Dominic Pym and other related parties (together "Ralec") in the High Court.
The proceedings relate to claims under the 5 October 2009 Agreement for Sale and Purchase of the Clear Grain Exchange business. NZX's claims are for breach of warranty and related claims, and are made to protect NZX's commercial best interests.
The amount of the claim is not quantified.
NZX will continue to pursue this matter.
FTSE Mondo Visione Exchanges Index:
NZX Files Proceedings
Date 05/07/2011