One last chance for Feltex investors

One last chance for Feltex investors
Victoria Young
The judge presiding over the Feltex investor case has given its funder one last chance to pay up or the case will be struck out. Justice Robert Dobson has given Tony Gavigan’s Joint Action Funding until July 13 to lodge $1.65 million in security for costs. At this date the lawyer for the Feltex investors, Colin Carruthers QC, must also confirm to the court that investors have enough money for the rest of the trial. The case was brought in 2008 over untrue statements in the Feltex Carpets prospectus issued in 2004. In 2018 the Supreme C...

More Law & Regulation

Chelsea Sugar fined $149,500 for selling lead-tainted sugar
Law & Regulation

Chelsea Sugar fined $149,500 for selling lead-tainted sugar

New Zealand Food Safety says offending on such a scale is rare.

Staff reporters 07 Feb 2025
Frustrated employers beware
Law & Regulation

Bronwyn Heenan: Frustrated employers beware

As I have said so many times: process, process, process!

Bronwyn Heenan 07 Feb 2025
ComCom cold on Manawa takeover
Markets

ComCom cold on Manawa takeover

Regulator worries about market concentration.

Ian Llewellyn 06 Feb 2025
Pros and cons of a corporate tax cut
Economy

Pros and cons of a corporate tax cut

Business groups are keen for a cut; others doubt its impact and feasibility.

Pattrick Smellie 05 Feb 2025