Wednesday 28th August 2013 |
Text too small? |
Godfrey Hirst New Zealand, the local unit of the Geelong, Australia-based carpet maker, is appealing a High Court judgment on warranties for a new synthetic range of carpets made by rival Cavalier Corp, saying the carpet industry needs clearer guidance on warranties.
Godfrey Hirst today filed a notice of appeal in the Court of Appeal seeking to clarify some aspects of last month's High Court judgement, the company said in a statement. Godfrey Hirst had sought an injunction against Cavalier alleging breaches of the Fair Trading Act relating to warranties for Cavalier's new synthetic carpet range.
In the High Court ruling, Justice Murray Gilbert found Cavalier had been in breach of the act with some promotional statements on its website, which were removed prior to the hearing, Cavalier said earlier this month.
He directed Cavalier to have three words removed from the warranty label that was provided by the yarn supplier of the three synthetic ranges and declined to issue an injunction against the warranty booklet, Cavalier said.
Shares in Cavalier were unchanged at $1.65 today, and have slipped 1.8 percent this year.
BusinessDesk.co.nz
No comments yet
Cavalier Corporation announces preliminary announcement of June 2013 full year results
Cavalier cuts FY earnings guidance, won't pay interim dividend
Cavalier names Paul Alston as chief financial officer
Cavalier turns to FY loss on cost to restructure unprofitable business
Cavalier ceases spinning at Onehunga with 70 job losses
Cavalier Corporation
Cavalier forecasts FY loss after charges, no dividend; shares tumble
Cavalier says first-half profit plunges 59%, will miss full-year guidance
Cavalier Corporation
Cavalier to change CEO, Chung stays on board