Sharechat Logo

A2 Milk settles court dispute with Lion in Australia

Thursday 7th December 2017

Text too small?

A2 Milk, which markets milk with a protein variant said to have health benefits, has settled a court case in Australia with its rival Lion Group.

A2 faced a legal challenge in Australia from Lion over the science behind health-related claims about the milk. A2 had taken Lion to court over its milk brand's use of A2 protein claims, seeking an injunction and damages. Last month, a2 said the court hearing in the Australian Federal Court had been vacated from November until the New Year.

"A settlement has been reached in respect of the legal dispute," a2 said in a statement to the stock exchange today. "The parties have mutually agreed not to proceed with their cases against each other. The terms of the settlement are confidential."

A2 said the parties are "very satisfied" with the outcome and will remain focused on building and maintaining the strength of their individual brands.

A2 shares last traded at $8.08, and are the best performing stock on the benchmark S&P/NZX 50 Index this year, having gained 279 percent.

(BusinessDesk)



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report