Fonterra has advised of the settlement in a notice to its 10,000-odd farmer-owners, signed by the Fonterra board.
Guiney, who left the Fonterra board last year, was named in a High Court injunction sought by the company in March.
The court orders restrained Guiney from «breaching her duties of confidentiality» to Fonterra and prevented media from using information received from her.
In turn, Guiney filed defamation proceedings against the Fonterra board of directors.
She did not seek damages.
Her defamation claim was over a letter sent by the Fonterra board to shareholders explaining the injunction action, in which the board alleged Guiney had leaked and misrepresented details of board discussions.
Guiney said in a statement she was delighted with the outcome.
«Commonsense has eventually prevailed.
«I look forward to more timely and transparent action on issues that impact we farmer owners’ investment in Fonterra, our co-operative and therefore New Zealand.
«Credit and thanks to all the shareholders who supported me. All funds donated will now be donated to Farm Strong.
«The honesty and action on the bad news, openly reflecting the real state of our Fonterra balance sheet from Mr Monaghan last week is a positive step in the right direction»
Fonterra has been approached for comment.
By: Andrea Fox
Source: NZ Herald
Link: https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12106115
Detect language Afrikaans Albanian Amharic Arabic Armenian Azerbaijani Basque Belarusian Bengali Bosnian Bulgarian Catalan Cebuano Chichewa Chinese (Simplified) Chinese (Traditional) Corsican Croatian Czech Danish Dutch English Esperanto Estonian Filipino Finnish French Frisian Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hmong Hungarian Icelandic Igbo Indonesian Irish Italian Japanese Javanese Kannada Kazakh Khmer Korean Kurdish Kyrgyz Lao Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malay Malayalam Maltese Maori Marathi Mongolian Myanmar (Burmese) Nepali Norwegian Pashto Persian Polish Portuguese Punjabi Romanian Russian Samoan Scots Gaelic Serbian Sesotho Shona Sindhi Sinhala Slovak Slovenian Somali Spanish Sundanese Swahili Swedish Tajik Tamil Telugu Thai Turkish Ukrainian Urdu Uzbek Vietnamese Welsh Xhosa Yiddish Yoruba Zulu |
Afrikaans Albanian Amharic Arabic Armenian Azerbaijani Basque Belarusian Bengali Bosnian Bulgarian Catalan Cebuano Chichewa Chinese (Simplified) Chinese (Traditional) Corsican Croatian Czech Danish Dutch English Esperanto Estonian Filipino Finnish French Frisian Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hmong Hungarian Icelandic Igbo Indonesian Irish Italian Japanese Javanese Kannada Kazakh Khmer Korean Kurdish Kyrgyz Lao Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malay Malayalam Maltese Maori Marathi Mongolian Myanmar (Burmese) Nepali Norwegian Pashto Persian Polish Portuguese Punjabi Romanian Russian Samoan Scots Gaelic Serbian Sesotho Shona Sindhi Sinhala Slovak Slovenian Somali Spanish Sundanese Swahili Swedish Tajik Tamil Telugu Thai Turkish Ukrainian Urdu Uzbek Vietnamese Welsh Xhosa Yiddish Yoruba Zulu |