Gunns: Melbourne court assesses payout

Share plummet adds to Gunns' woes

The Supreme Court in Melbourne is assessing the costs Gunns must pay to Senator Bob Brown, former Tasmanian Greens Leader Peg Putt, and environmentalist and author Helen Gee, for legal costs in the long-running Gunns 20 case. (see www.gunns20.org)

Tomorrow, Master Wood in the Supreme Court is expected to rule on the extent of Gunns' costs to the three defendants after it dropped charges for want of a case to back them up.

"Gunns' shareholders will be doubly piqued," Senator Brown said. "To date, Gunns has agreed to pay $537,810 to defendants in this case.

"Besides the massive slump in its share price, which bodes badly for the pulp mill, shareholders, not the CEO John Gay or directors, will be out of pocket for these legal expenses," Senator Brown said.

Further information: Ebony Bennett 0409 164 603