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RESEND Feltex float ‘squeezed the juice from the lemon’, lawyer says, citing director email
Tuesday March 18th 2014, 1:36 am Filed under Shareholder lawsuit

Feltex Carpets' former executive director Peter Thomas likened the company's 2004 float to a lemon from which most of the juice had been squeezed out, according to an email cited at a court hearing into a shareholder lawsuit. The email was cited by Austin Forbes, lawyer for former shareholder Eric Houghton, who is suing the former Feltex directors, owners and sale managers for $185 million in a ... [News Source]