Richmond injunction challenged

Meat company PPCS' pursuit of meat exporter Richmond goes back to the High Court this week when the South Island co-operative challenges a Richmond injunction.

Richmond obtained an injunction last month stopping PPCS trading in Richmond shares until the High Court clarified PPCS' status as a Richmond shareholder at a hearing scheduled for August 6.

PPCS chief operating officer Keith Cooper says the Dunedin company, which has a relevant interest in 52 per cent of Richmond, will go to the High Court at Christchurch on Friday "to answer allegations of the original injunction".

Asked if PPCS would also use this week's hearing to raise the issue of its shareholder status, he said that was "not my understanding at all".

"The original injunction contained allegations, and [our] advisers are saying quite clearly that we need to answer those allegations in respect of the injunction."

Appearing for Richmond is Bill Wilson, and for PPCS Alan Galbraith.

- NZPA