Feltex litigants’ backer agrees to disclose general terms of funding agreement

Feltex litigants’ backer agrees to disclose general terms of funding agreement
By Paul McBeth Aug. 16 (BusinessDesk) - UK-based Harbour Litigation Funding has agreed to disclose general terms of its funding agreement with litigants suing directors of Feltex in a class action suit, the Court of Appeal heard today. Senior counsel for the class action group, Austin Forbes, told the court on the second day of the two-day hearing in Wellington that general terms of the agreement will be shared with the defendants. The directors and other defendants to the class suit including broking firms Credit Suisse, First NZ Capital,...