Monday 31st July 2023 |
Text too small? |
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.
No comments yet
POT Financial Results for the year to 30 June 2025
MOVE FY25 Results for the year ended 30 June 2025
BPG - Completion of Retail Offer
Comvita releases results for the year ended 30 June 2025
August 29th Morning Report
Air New Zealand announces 2025 financial result
August 28th Morning Report
VSL - 2025 date of Annual Meeting of shareholders
WIN - Winton announces FY25 Annual Results
Meridian Energy Limited 2025 Full Year Financial Results