Poor business acumen and extreme mismanagement by the board was behind Murray Goulburn’s decision, while Fonterra did the same thing in a year it went on to post an $800 million profit – making the demands for cash a bitter pill for producers to swallow.
Read More“We do not and will not participate in the market-distorting practice of beverage rebates.”
Read MoreThe Americans call it "pay to play”: favors for product placement which "falls somewhere below the line of what’s legal or ethical".
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AN ONLINE petition calling for Fonterra to pay back their suppliers has attracted more than 19,500 signatures in a couple of weeks.
Read MoreFonterra, the world’s largest dairy exporter, posted revenue of $13.9bn (€8.75bn) for the first nine months of 2016/17, which is up by 8% on the same period last year.
Read MoreUnder new rules for what was the CBIA, membership will be prohibited for brewers that are more than 20 per cent owned by large brewers or other businesses that hold significant brewery holdings in Australia or overseas
Read MoreIn Walsh v Worley Parsons [2017] VSC 292, delivered 26 May 2017. Cameron J stayed a shareholder class action as an abuse of process. Amongst other things the Court made observations about the role of a litigation funder.
Read More“Picture a situation like what Fonterra did to us in a different work environment. It would be illegal to take money back from someone after they have already been paid for supplying goods,” Mr Jones said.
Read MoreBrewery Start Up 101
Read MoreA short video by David Burstyner recounting a recent conversation with a Fonterra supplier and a Fonterra representative..
Read MoreAngry Aussie Farmers are taking action and Fonterra is their focus.
Read More“They should pay back everything they took from farmers in financial year 2015-16 – some farmers lost over $1 a kilogram and we lost a great deal more than 40 cents,” Ms Singh-Mahil said
Read MoreAustralian Dairy Farmers (ADF) has questioned Fonterra's and Murray Goulburn's decisions to not reimburse farmers who no longer supply them for last year's clawbacks.
Read MoreA class action is currently underway against Fonterra and Ms Singh-Mahil said she would now be joining the legal action.
Read MoreFarmers said the decision saw Fonterra trying to “pass off” the 40c bonus, which had numerous conditions attached, as matching Murray Goulburn’s current milk price.
Read MoreFonterra has a legal obligation, under the Bonlac supply agency agreement, to match or make higher payments than Murray Goulburn (MG)
Read MoreLawyer David Burstyner explains what decisions from dairy companies mean for possible legal action
Read MoreMr Burstyner has Fonterra suppliers on his books who will continue with a class action up until that company, like Murray Goulburn, agrees to forgive its loan scheme and repay farmers
Read MoreFonterra farmers yesterday vowed to pursue legal action against the NZ processor if Mr Dedoncker does not commit to pay the full $50m-$60m now owing to milk suppliers.
Read More"If the old board members won’t resign, the ACCC actions give the new chair reason to demand so" says Paul Mundy, a Cobram East Murray Goulburn supplier.
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