Excessive lawyer fees slashed in Feltex costs case

Tony Gavigan has been working on the Feltex case for years. (Image: supplied)

Mon, 14 Feb 2022

Former Feltex shareholder Eric Houghton has won a substantial reduction in costs for his long-running court battle against the failed carpet-maker after Justice Francis Cooke put costs and fees itemised by lawyers under the microscope.As a result, $2.17 million sought on behalf of former Feltex directors and vendor and promoter, Credit Suisse was pared to around $438,000 through a combination of cost reductions and the return of funds held as security.After a two-day hearing in the high court in Wellington before Christmas, Cooke agreed the def...

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