Law & Regulation

Excessive lawyer fees slashed in Feltex costs case

Denise McNabb
Mon, 14 Feb 2022

Excessive lawyer fees slashed in Feltex costs case
Tony Gavigan has been working on the Feltex case for years. (Image: supplied)
Denise McNabb
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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