Why Feltex claim must be heard out in full
Auckland barrister John Eichelbaum says a ‘miscarriage of justice’ must be averted.
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In 2004, several thousand New Zealand investors, mainly ‘mum and dad’ investors including many pensioners seeking yield, signed up to participate in a carpet maker’s IPO, which promised them a 9% yield.
It was Feltex, and it was a dud. They lost their money with remarkable speed.
The
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John Eichelbaum
Wed, 03 Jun 2020
Wed, 03 Jun 2020
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Why Feltex claim must be heard out in full
Opinion,
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