New Image Group comes out fighting
New Image Group has issued a statement expressing disappointment that the Australian Fair Work Ombudsman went public ahead of a planned legal meeting in Auckland this week.The Australian ombudsman said earlier today that it will take the company to court
NBR staff
Mon, 04 Oct 2010
New Image Group has issued a statement expressing disappointment that the Australian Fair Work Ombudsman went public ahead of a planned legal meeting in Auckland this week.
The Australian ombudsman said earlier today that it will take the company to court to recover hundreds of thousands of dollars it says is owed to 14 Aussie workers.
New Image said the closed door legal chambers hearing had been arranged to clarify the facts surrounding the financial affairs of Omegatrend International while under New Image Group ownership.
Alan Stewart, deputy chairman of New Image, said in a statement the group had been cooperating with the Omegatrend liquidator's legal counsel in the lead-up to the planned legal meeting.
He said the matter had been a protracted affair since New Image bought Omegatrend from an insolvency accounting firm and discovered subsequently the full extent of its financial problems.
"Shareholders are aware of the ongoing nature of this dispute and the board again signalled in the group's 2010 annual report that it does not believe that the claim has foundation and no provision has been made," Mr Stewart said.
"Due to the complexities of the dispute, we will not be making any further comment until such time as the matter has been dealt with legally."
NBR staff
Mon, 04 Oct 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.