UPDATED: Feltex directors 'regret' shareholder losses, welcome ruling

Mon, 15 Sep 2014

(Adds comment from directors) By Jonathan Underhill Sept. 15 (BusinessDesk) - Former directors of Feltex Carpets say they regret the losses endured by shareholders in the failed carpet maker, while welcoming a High Court ruling that cleared them of liability for alleged disclosure failings in the failed carpet-maker's 2004 prospectus in a court case they described today as "unnecessary." In a reserved judgment in the Wellington High Court, Justice Robert Dobson said while there was "some justification" for a number of the criticisms o...

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