Rich Lister wins court scrap over Steel & Tube lease
Decision makes parent company liable for subsidiary's actions.
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Infrastructure
A High Court judge has allowed NBR Rich Lister Sir David Levene’s investment firm to stake a claim against Steel & Tube [NZX: STU] for the actions of its former subsidiary.
Lewis Holdings brought the claim, worth about $1.75 million, before Justice Alan MacKenzie in the High Court at Wellington.
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Victoria Young
Fri, 19 Dec 2014
Fri, 19 Dec 2014
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Rich Lister wins court scrap over Steel & Tube lease
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