Dean Anderson: Should The Warehouse be liable for misleading stockmarket?

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By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The Warehouse Group says it acted in "good faith" when it told the NZX on Tuesday that its Red Shed Warehouse stores would remain open during the four-week lockdown.
The Warehouse Group shares were up by as much as 42 per cent at one stage following the announcement they would remain open.
The group could now face a fine of up to $500,000 for the hasty market announcement if it is found to have breached the NZX's continuous disclosure rules.
Dean Anderson from Kernel Wealth joined Kate Hawkesby to share his thoughts on the issue.
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