Joomla! site syndication http://www.ftxit.com Sun, 20 May 2012 22:51:32 +0100 FeedCreator 1.7.2 http://www.ftxit.com/images/M_images/joomla_rss.png http://www.ftxit.com Joomla! site syndication http://www.ftxit.com/index.php?option=com_content&task=view&id=328&Itemid=2 Claimants who opted-in in mid 2010 are being sent emails requesting certain details specific to their own claims. We have already collated this information for the claimants who joined this year. If you have not sent back your OPT-IN PACK sent out in January 2012 - its not too late. While 3,000 claimants have joined, some 2,700 investors who each lost ~$10,000 are still eligible to opt-in but have not yet signed up. You may know someone who has overlooked the opportunity to do so.If you have any questions or concerns email me tony@ftxit.com and I will reply within 24 hours. News - Latest Wed, 16 May 2012 03:49:28 +0100 http://www.ftxit.com/index.php?option=com_content&task=view&id=327&Itemid=2 Harbour raises PDS 120 million - refer link http://www.harbourlitigationfunding.com/news/harbour-litigation-funding-raises-120-million (http://www.harbourlitigationfunding.com/news/harbour-litigation-funding-raises-120-million) News - Latest Wed, 09 May 2012 22:48:54 +0100 http://www.ftxit.com/index.php?option=com_content&task=view&id=325&Itemid=9 A further Consolidated List which now comprises 3,000 Claimants represented by Named Plaintiff, Eric Houghton, has been filed in the High Court. Newsflashes - Newsflash Thu, 22 Mar 2012 00:50:12 +0100 http://www.ftxit.com/index.php?option=com_content&task=view&id=324&Itemid=2 Please click to download the bundle to opt in to the ClaimDocument Bundle (images/other/feltexclaimcopy.pdf) Christchurch Press Article (images/other/christchurchpress03.12.11.pdf) JAFL Agreement as amended (images/other/jaflagreementasamended.pdf) News - Latest Mon, 27 Feb 2012 19:10:22 +0100 http://www.ftxit.com/index.php?option=com_content&task=view&id=323&Itemid=2 Stuff reports more support from Feltex investors for the claim (http://www.stuff.co.nz/business/industries/6487067/Feltex-case-gathers-more-support-from-investors) Another 300 former Feltex investors have joined 2,500 others in a class action against the former directors, sellers and promoters of the failed carpetmaker. The former shareholders claim the prospectus accompanying the Feltex share offer of just more than $250 million in shares in 2004 was misleading and contained untrue statements. Feltex collapsed in late 2006 and shareholders lost their entire investment. Collectively the group is claiming losses and interest since 2004 in respect of 60 million shares purchased at an issue price of $1,70 when Feltex listed. Counsel for the plaintiffs Austin Forbes QC said some potential claimants who had not yet joined the group action had expressed concerns about personal liability for any adverse costs. But that had been addressed by obtaining an insurance policy through London-based Harbour Litigation Funding and by lodging $200,000 in the Christchurch High Court last June as security for costs, he said. The second concern was an assumption by some investors that they were too late to join the action, which was not correct, he said. The High Court ruled last year that Eric Houghton, the shareholder taking the action on behalf of others, had stopped the limitation of time for bringing a claim for all investors he represented by filing the claim and representative application in February 2008, Forbes said. The discovery process was set to begin shortly, however several interlocutory matters are still to be determined by the Court of Appeal. - © Fairfax NZ News News - Latest Mon, 27 Feb 2012 14:45:59 +0100