I told Gisborne Milk it was doomed: Fonterra chief

A senior Fonterra executive says he told Gisborne Milk Co-op before it went into liquidation its business model was doomed.

The dairy giant terminated Gisborne Milk's supply agreement in 2007 and the company went into liquidation.

Gisborne Milk's shareholders, with the blessing of the liquidator, has claimed in the Auckland High Court Fonterra breached the Dairy Industry Restructuring Act, its constitution and the Fair Trading Act.

 

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