14 Jun 2019
HOUGHTON v SAUNDERS [2019] NZHC 1362
- Citation
- [2019] NZHC 1362
- Court
- High Court
Dobson J exercised the Supreme Court's direction to reopen stage one costs and, balancing the plaintiff's partial appellate success, the provisional nature of outcomes pending stage two, and the plaintiff's funding/cashflow imperatives, ordered disgorgement by defendants of $783,195.61, awarded the plaintiff stage one costs and disbursements of $449,404.19 (total to plaintiff $1,232,599.80), held the ATE insurance premium was not recoverable, and ordered security for stage two costs of $1,650,000 and security for contingent repayment of $930,000 with discovery and procedural directions; costs…