date:Jan 09, 2014
t would vigorously defend any action. The farmer-owned co-operative has denied any legal liability to Danone regarding the recall.
Fonterra has been in ongoing commercial discussions with Danone and is disappointed that they have resulted in legal action, the company said in a statement.
Units in Fonterra's sharetrading fund fell as much as 2.7 percent on the announcement, before trimming losses.
The two sides started negotiations in October to try to resolve the dispute.
Danone has said it