AUX ausron limited

Ausron awarded $6,571,149 for costs in Linfox caseHis honour...

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    Ausron awarded $6,571,149 for costs in Linfox case

    His honour Justice Brownie of the Supreme Court of New South Wales today made an order for Linfox
    Transport (Aust) Pty Ltd (Linfox) to pay Ausron No 2 Pty Ltd (Ausron) costs of $5,494,535 and interest
    of $1,076,614 (total of $6,571,149).
    In addition to this order on costs Ausron was awarded damages of a net $4,276,301 from Linfox last
    October, making the total owed by Linfox to Ausron $10.847,450. This amount is earning interest at
    supreme court interest rates, currently 9%, until Linfox’s appeal is heard in on the 16th and 17th of
    August 2005.
    This amount of $10,847,450 is not currently reflected in Ausron’s accounts.
    For further details please contact:
    Mr Ken Richards
    Managing Director
    Ph: 08 93225970 or 0403 385 051
    Yours faithfully
    Simon Storm
    Company Secretary
 
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