Feltex claimant group now over 2,500

In January 2012, Eric Houghton and Joint Action Funding Limited updated Feltex IPO investors who had suffered significant losses investing in the Feltex float in 2004, but had not yet opted in to the Houghton led claim.

The claim is against the Feltex directors at the time (Tim Saunders, Sam Magill, Peter Thomas, John Feeney, Peter Hunter, Craig Horrocks, and Joan Withers), Credit Suisse, the vendor of Feltex shares, and another Credit Suisse entity, the promoter, and the organising participants and joint lead managers, First NZ Capital and Forsyth Barr Limited.

In response, over 800 new claimants have now opted-in, bringing the total claimant group to over 2,500 investors.

ENDS

BUDGET 2012:
Parliament Debate Live - Video Of Budget 2011
Keith Ng Interactive Graphic: How the Budget Breaks Down
BUDGET 2012 - FULL COVERAGE: Reports / Analysis - Press Kit - Reaction (from everybody) - Previews (from everybody) - Pre-Budget Announcements

Gordon Campbell: On the Budget’s Spreadsheet Victories

It wasn’t as if expectations were sky high, exactly. Chances are, it was always more likely that we’d be seeing Bigfoot rampage through the Beehive lock-up than catch a glimpse of a credible growth agenda from this government. More >>

Sludge Budget Report - Short The Dollar! MEMO: To international bankers FROM: C.D. Sludge Please short the dollar! It'll be good for both you and us. And you know you want to. Greexit, Eurogeddon... watch out... flight to quality and all that. Follow your instincts. The NZ Debt Management Office has been so surprised at the unprecedentedly low interest rates that it can borrow at that it has already entirely pre-funded the 2013 fiscal deficit - all $8 billion of it! More >>

Pattrick Smellie Comment: Doddling along the best we can hope forCriticising Budgets for lacking vision or imagination is like shooting fish in a barrel, but even so, this year's Budget again feels like a missed opportunity. Perhaps it's the intrusion of real world needs that means the government couldn't make better political use of the $558.8 million it expects to gather in its first partial asset sale. More >>