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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.