NZX says Ralec knew targets wouldn’t be met before the Clear Exchange sale
In a gruelling day of cross examination, Alan Galbraith QC, frequently disparaged answers from former Clear Grain Exchange managing director Grant Thomas. With special feature audio.
Jenny Ruth Fri, 10 Jun 2016
The Ralec parties knew even before they settled the sale of the Australian Clear Grain Exchange to NZX in October 2009 that the targets agreed to for volumes of grain traded wouldn’t be met, according to the barrister representing former NZX chief executive Mark Weldon.
Alan Galbraith, QC, has
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