Scoop has an Ethical Paywall
Commerce Commission to appeal Steel & Tube sentence
The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products.
Last month Judge Cathcart imposed a $1.885 million fine on Steel & Tube in the Auckland District Court after the company pleaded guilty to 24 charges under the Fair Trading Act. The Commission is appealing on the bases that the Judge erred when sentencing the company, by:
•
failing to properly attribute the knowledge of a Steel &
Tube manager to the company; and
• by not adequately
taking into account the size of Steel & Tube and the
potential for it to gain from the conduct.
As this matter
is before the Courts, the Commission has no further comment
at this
time.
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