Feltex class action funder Gavigan essential to suit, plaintiff lawyer says

Thu, 16 Aug 2012

By Paul McBeth Aug. 16 (BusinessDesk) - Tony Gavigan, the former Fay Richwhite investment banker who secured foreign backing for the class suit against the directors of failed carpet maker Feltex, is essential to the lawsuit and shouldn't be removed as the funder, the Court of Appeal heard today. The former directors of Feltex and the brokerages that promoted the company’s shares made the appeal against Gavigan and his Joint Action Funding Limited being the court-approved funder of the action and sought to have him removed over statements he...

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