Feltex claimants not ready to start stage two today

Feltex claimants not ready to start stage two today
Victoria Young
Aggrieved Feltex investors have sought a last-minute delay to the second part of a decade-long claim scheduled to start in the High Court at Wellington this morning.  Eric Houghton's $185 million claim on behalf of more than 3,000 Feltex Carpets shareholders is now at the valuation or quantum stage after the Supreme Court ruled last year the carpet-maker's 2004 prospectus had an untrue statement and that could lead to liability under the Securities Act.Feltex collapsed less than two years after going public, and the investor claim against...

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FMA files criminal charge against Prem Gounder
Law & Regulation

FMA files criminal charge against Prem Gounder

The Financial Markets Authority (FMA) has filed a criminal charge against former Auckland-based financial adviser Prem Gounder for dishonestly using a document.The FMA alleges that Gounder, while acting as a licensed financial adviser, submitted a false document, namely a gifting...

Staff reporters 11 Apr 2025
Govt eagle-eyed on ComCom interchange fees decision
Finance

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Pattrick Smellie 11 Apr 2025
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Finance

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Law & Regulation

Bettors banned from TAB promotions cry foul

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Gregor Thompson 09 Apr 2025