Excessive lawyer fees slashed in Feltex costs case

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

More Law & Regulation

James Wallace is 'low risk, but not no risk' of reoffending
Law & Regulation

James Wallace is 'low risk, but not no risk' of reoffending

Why James Wallace remains under strict release conditions.

Court orders blockchain tech firm to pay investor $433k
Law & Regulation

Court orders blockchain tech firm to pay investor $433k

EY entrepreneur of the year winner's firm must register plaintiff as shareholder.

Harvey Norman ‘deterrent’ clause not enforceable: lawyers
Retail

Harvey Norman ‘deterrent’ clause not enforceable: lawyers

Retailer’s proprietor structure opts out of employee relationship.