Collins to file defamation proceedings against Mallard and/or Little by Fri 6 April - NO MARKET MAKERPROCEED.COLLINS.6APR
- Symbol: PROCEED.COLLINS.6APR
- Last Trade Price: $0.0000
- Last Trade Time:
9 Apr 12 12:00pm
- Today’s Volume: 26
- Average Daily Volume: 0.0
- Today’s Change:
- Start Date: 3 Apr 12
- Close Date: 5 Apr 12
- Status: Closed
This contract will pay $1 if, before Friday 6 April 2012, Judith Collins files defamation proceedings against Trevor Mallard and/or Andrew Little; otherwise it pays $0.
The purpose of this contract is to forecast the probability that Judith Collins will go through with her threat to sue Trevor Mallard and/or Andrew Little for defamation over statements they made outside Parliament connecting her to the leaking of an email by Michelle Boag.
The contract is concerned with the timing of when proceedings are filed with the courts, not when they are announced. For this reason, the contract will not necessarily close on Friday 6 April. A media statement by Ms Collins and/or her lawyers announcing that they have (past tense) filed the relevant defamation proceedings will however be considered conclusive evidence that she has done so.
The contract concerns only litigation against Mr Mallard and/or Mr Little, not any litigation against Radio New Zealand or any other person. That is, should Ms Collins proceed with her threat to sue RNZ but not one or both of the Labour MPs, the contract shall close at $0.
The defamation action relevant to the contract is that referred to by Ms Collins on the morning of 29 March 2012, and reported at http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10795241, http://www.stuff.co.nz/national/politics/6655754/Collins-plans-defamation-action, http://www.radionz.co.nz/news/political/102062/mps-facing-defamation-action-seek-legal-advice and http://www.stuff.co.nz/national/politics/6688693/Bring-it-on-Labour-says-to-legal-threat and not to any other litigation filed by Ms Collins against Mr Mallard and/or Mr Little during the life of this contract.
All dates and times are New Zealand time.
UPDATE: Market maker turned off at 11.50 am 5 April 2012
This contract will be closed no later than 3 working days after the Close Date. The Close Date may be extended if the event outcome cannot be determined by that date.