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MED to appeal costs award in Feltex case

Thursday 23rd December 2010 2 Comments

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The Ministry of Economic Development will appeal an award of costs against it in a case it lost against five former Feltex Carpets directors.

The District Court at Auckland yesterday ordered that the ministry pay the directors a total of $952,111 in reimbursement for legal and other costs. They had sought total costs of $1.36 million.

Tim Saunders, Peter Thomas, David Hunter, Michael Feeney and John Hagen were charged under the Financial Reporting Act.

Saunders, the former chairman, said in a statement yesterday on behalf of the directors that he believed it was one of the highest cost awards ever in a criminal case in New Zealand.



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Comments from our readers

On 23 December 2010 at 9:26 pm howie said:
Good on the Ministry , how the judge came to the strange conclusions beggar's belief.
On 24 December 2010 at 9:19 am Ron Palmer said:
Lets hope the Ministry succeeds how a judge can reach a conclusion and reward gross inefficiencies is unbelievable
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