a2 Milk Company settles Australian legal dispute

Company News

by Jessica Amir

The a2 Milk Company (ASX:A2M) and its rival Lion Dairy and Drinks have settled their Australian legal dispute.

A2 Milk and the Japanese owned firm mutually agreed not proceed with their cases against each other.

The legal battle allegedly began in 2016 when a2 Milk disputed the use of the term ‘A2 protein’ on Lion’s PURA and Dairy Farmers products.

Both parties say, although the details are confidential they are ‘satisfied’ with the settlement and remain focused on their individual brands.

Shares in a2 Milk Company closed about 1.4 per cent higher yesterday to $7.36.

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.