Fonterra earns shareholder ire after axing share earnings following $183m Danone damages decisionDAVID UNWIN/STUFF Fonterra shareholder Andrew Hoggard is angry about the Danone damages decision. STUFF Fonterra ordered to pay French company Danone $183m damages over botulism scare"Most farmers will be a little miffed. READ MORE:* Danone Nutricia lays some loss blame on Fonterra* Fonterra in $33m cheese blunderChairman John Wilson also expressed his "anger and disappointment" at the decision of a Singapore arbitration tribunal. FONTERRA The French company and Fonterra fell out over the botulism scare in 2013. February 2016: Arbitration between Fonterra and Danone begins in Singapore after Fonterra earlier requested that High Court action be parked in favour of arbitration.
Source: Stuff November 30, 2017 19:53 UTC