Supreme Court grants Feltex vendors leave to appeal time-bar in class action

Mon, 08 Apr 2013

April 8 (BusinessDesk) - The Supreme Court has granted the sellers of failed carpet maker Feltex leave to appeal a class action being led by former shareholder Eric Houghton over whether some or all of the 3,000 investors who have joined the action were time-barred. Chief Justice Dame Sian Elias and Justice Robert Chambers today granted Credit Suisse Private Equity and Credit Suisse First Boston Asian Merchant Partners leave to appeal a ruling which paved the way for a class suit over the way Feltex was floated on the stock market in mid-200...

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