Lawyers for Feltex defendants question gloomy spin, credentials of key witness

Tue, 01 Apr 2014

April 1 (BusinessDesk) – Lawyers for defendants in the Feltex Carpets shareholder lawsuit have questioned whether a key witness selectively chose to include gloomy data in his evidence and whether he had sufficient experience with initial public offerings. Greg Meredith, head of Ferrier Hodgson Forensics in Melbourne, had given evidence in support of plaintiff Eric Houghton, who is suing former Feltex directors, owners and sale managers for $185 million in a representative action on behalf of 3,639 former shareholders who say they were misled...

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