Tag: The Kiwifruit Claim

Kiwifruit Claim To Seek $334m+

Press Release – The Kiwifruit Claim KIWIFRUIT CLAIM TO SEEK THIRD OF A BILLION IN DAMAGES FOR PSA-V – BUT OTHER GROWERS RISK MISSING FRIDAYS DEADLINE TO SIGN UPTHE KIWIFRUIT CLAIM MEDIA STATEMENT 8 October 2015 FOR IMMEDIATE RELASE KIWIFRUIT CLAIM TO SEEK THIRD OF A BILLION IN DAMAGES FOR PSA-V – BUT OTHER GROWERS RISK MISSING FRIDAY’S DEADLINE TO SIGN UP The Kiwifruit Claim is likely to seek damages from the Crown of over $334 million but there are still growers and others who may have losses of another $400 million who risk missing Friday’s final High Court-imposed deadline to take part in the class action. As of last night, growers representing around 45% of the gold industry and 15% of the green industry at the time Psa-v struck have signed up to the claim, with an estimated $334 million in losses. A spokesman for The Kiwifruit Claim, Matthew Hooton, said that was around four times the minimum level of estimated damages the litigation funder, LPF, had required before going unconditional on the claim but still suggested some growers with combined losses of hundreds million dollars were still to make up their minds or complete the paperwork. “According to the government’s own Sapere report, losses from Psa-v in just the first 15 years after the initial crisis have been estimated to be a minimum of $740 million and...

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Kiwifuit Claim Urges Zespri To Back Growers

Press Release – The Kiwifruit Claim Following the landmark Trans-Pacific Partnership (TPP) signed this morning, only days before the High Courts 9 October deadline for growers to sign up to the claim against the government for its alleged negligence behind the devastating introduction …KIWIFRUIT CLAIM URGES ZESPRI TO BACK GROWERS AS SIGN-UP DEADLINE LOOMS Following the landmark Trans-Pacific Partnership (TPP) signed this morning, only days before the High Court’s 9 October deadline for growers to sign up to the claim against the government for its alleged negligence behind the devastating introduction of Psa-v disease into New Zealand, The Kiwifruit Claim committee says it is more important than ever that Zespri advises its members to seriously consider joining the action to seek compensation. The government’s own Sapere report has estimated the losses caused by Psa-v to be at least $885 million. “Zespri and New Zealand Kiwifruit Growers Incorporated (NZKGI) were initially cautious about The Kiwifruit Claim when it was launched in September 2014,” a spokesman for the Kiwifruit Claim, Matthew Hooton, said today. “However, the High Court in Wellington has since confirmed the claim has a sufficiently robust foundation for it to proceed as a class action, and has approved the funder, LPF Litigation Funding Limited, and the funding documents all growers must sign to be part of the action. “Meanwhile, legal expert Professor Bill Hodge has said that The...

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