Feltex claimant group now over 2,500

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

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