Winton Confirms Quantum of Damages in Kainga Ora Claim

On 20 October 2022, Winton released a market announcement in which it confirmed that it had issued proceedings against Kāinga Ora in the Auckland High Court, alleging anti-competitive conduct under the Commerce Act.

Winton has now completed the initial work to quantify the loss and damage suffered by it as a result of Kāinga Ora’s conduct. An Amended Statement of Claim has been filed in the Auckland High Court today to include the provisionally assessed amount of $138.5m in damages plus costs and interest. The amount claimed represents Winton’s view as to quantum of the loss it has suffered as a result of Kāinga Ora’s alleged anti-competitive conduct.

While Winton looks forward to vigorously presenting its claim to the Auckland High Court, there is no assurance that these proceedings will be successful nor that, even if Winton receives a favourable judgment, the quantum of damages awarded will be the same as those claimed by Winton.

Ends.

•  Winton Confirms Quantum of Damages in Kainga Ora Claim

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

July 8th Morning Report
SUM - 2Q26 Metrics - Sales of Occupation Rights
BPG - Q1 FY27 Investor Webinar
KPG - Changes to the Executive Team
BRW - Scheme of Arrangement - Largest Shareholder Intention
FRW - Board update
THL - BGH Consortium confidentiality agreement executed
MEL - Meridian receives final approval on contingent storage
July 3rd Morning Report
KMD Brands completes share consolidation