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New chance to join leaky building lawsuit

More leaky building owners now have the chance to join a class action against building materials company James Hardie following a new Court of Appeal ruling.

Thursday, August 31st 2017, 4:00PM

by Miriam Bell

Late in 2016 the High Court granted a group of leaky building owners leave to proceed with a class action against James Hardie, and one of its subsidiaries Studorp, on the grounds of negligence and breach of the Fair Trading Act.

At the time, the potential claimants were given just weeks to sign up for the class action but the Court of Appeal has now extended the opt in period by up to five months.

The group, which numbers over 60 people, claims that leaks in their homes are attributable to inherent defects in cladding systems manufactured by James Hardie, in particular Harditex and Titan Board.

They also claim that James Hardie made misleading statements about its cladding systems in its technical literature.

Thousands of properties were built using Harditex from 1987 until the early 2000s, while Titan Board was widely used from 1995.

This means there are likely to be many more New Zealanders whose properties were affected by the use of these products.

The group’s lawyer, Dan Parker said there had been strong interest from potential new claimants since the class action was given the go-ahead in October 2016.

But the new opt-in orders, which will run until the end of January 2018, mean the group is now expected to increase significantly.

Parker said that the opt-in period will be the last chance for most affected owners to pursue any legal action for recovery of their losses.

“If they join during the opt-in period they will not be affected by a 15-year limitation longstop that will otherwise bar claims after the opt-in period expires.

“Also, the Supreme Court confirmed last year in the leaky schools litigation that the 10 year Building Act limitation longstop does not apply to a product liability claim like this.”

Owners of buildings constructed since 1987 using Harditex or Titan Board should get in touch with Parker & Associates to find out how to opt-in to join the claim, he said.

James Hardie has not responded to the Court of Appeal ruling, but it has consistently denied that its cladding systems are defective and has said it will be defending all claims.

Another separate $250 million leaky building class action claim against James Hardie is currently wending its way through the Auckland High Court.

That class action, which is under the auspices of Adina Thorn lawyers, involves over 365 owners of 1,075 dwellings.

Read more:

Leaky building class action court bound 

Leaky building mega suit hits court 

« Slowdown in value growth spreadingValues fall as investors leave market »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.75 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.75 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.29 7.32 6.65

Last updated: 8 April 2024 9:21am

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