Team New Zealand is fighting to prevent the Herald from publishing details of a report by forensic accountants, which the yachting syndicate's lawyer claims contains "scandalous allegations".
A legal battle this afternoon in the High Court at Auckland involved Emirates Team New Zealand (ETNZ), America's Cup Event Ltd (ACE), the New Zealand Herald's publisher NZME, the Government and Auckland Council.
Last week, ACE and ETNZ obtained an interim High Court injunction order against NZME to prevent the media company publishing or broadcasting details of a leaked report by forensic accountants Beattie Varley about recordkeeping and use of public funds allegations.
NZME is arguing to have the injunction order overturned on the grounds of public interest.
After being granted the injunction last week, ETNZ boss Grant Dalton emailed his lawyers and said "nice lads". NZME was copied into the email.