[2020] NZEmpC 222 Flashoff v New Zealand Technology Group Hawkes Bay Ltd [pdf, 311 KB]
...favour of the respondents. They estimate they are losing $75,000 per month in terms of actual and lost opportunity costs. If an interim order were to remain in place until 2022, the $200,000 fund would be insufficient to meet such losses. [101] Third, NZTG’s ability to meet any damages award needs to be considered alongside other evidence. It is to be inferred from Mr Smith’s evidence that shareholders had to contribute to the fund paid into the lawyers’ trust account....