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AUS: Evans & Tate verdict out tomorrow

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Australian winery Evans & Tate has been left waiting another day for a decision on its court case with Australian Beverage Distributors (ABD) at NSW Supreme Court.

The verdict will be announced tomorrow (6 June), at 9.30am, at which point the company plans to make a market announcement but keep company securities in a trading halt.

The court case follows a two-year dispute arising from ABD's s short time as distributor of Evans' Cranswick labels.

ABD is claiming A$78,000 (US$59,000) in damages, but Evans claims it is owed A$216,000 under the original deal.


Sectors: Wine

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