About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, November 17th, 2:29PM
rss
Latest Headlines

Court win in Auckland leaky home suit

Australian building materials giant James Hardie has suffered another blow in its battle against New Zealand leaky building owners.

Friday, September 1st 2017, 4:10PM

by The Landlord

The Auckland High Court has given leave for a class action suit against seven James Hardie companies to proceed against all of the companies allegations have been levelled at.

Involving 365 plaintiffs with 1075 residential dwellings, units or buildings, the action alleges that the seven companies were involved in the production and sale of defective cladding products, namely Harditex, Monotek and Titan Board.

The seven companies are James Hardie New Zealand, Studorp, James Hardie NZ Holdings, RCI Holdings, James Hardie Australia, James Hardie Research and James Hardie Industries.

While the court heard interim applications on the action last November, it has just released its decision on the application of several of the James Hardie companies to be removed from the action on the grounds there was no case against them.

Justice Mary Peters ruled that two of the companies (RCI and James Hardie NZ Holdings) would remain in the action.

She also ruled that ASX-listed James Hardie Industries should also remain in the claim – as long as the plaintiffs amend their claim.

Lawyer Adina Thorn, whose firm is representing the plaintiffs, said the decision is only an initial decision, but it is a positive first step for the hundreds of leaky building owners that they act for.

These owners have suffered massive repair costs or loss in value and many suffer health problems flowing from weathertighness issues with James Hardie cladding, she said.

“The decision effectively allows the owners to continue against all of the James Hardie companies that the owners claim against, although the claim against the Australian listed company must be narrowed.”

Thorn said the case highlights the enormous difficulty for owners seeking justice but is very encouraging for them.

“It also highlights the great need for owners to group together when they dealing with large multinationals that are hugely resourced.”

There is currently another class action against James Hardie getting underway in Wellington.

Read more:

Leaky building mega suit hits court 

New chance to join leaky building lawsuit 

« Free Investment Property Showcase Events: Auckland, Wellington and ChristchurchRMA by-pass to encourage development »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 3.95 4.49
ANZ Special - 3.55 3.45 3.99
ASB Bank 5.20 4.05 3.95 4.39
ASB Bank Special - 3.55 3.45 3.89
BNZ - Classic - 3.55 3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.35 3.35 3.35
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank 5.80 ▼4.14 ▲4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▼3.39 ▲3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - ▼3.55 3.39 3.89
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.55 3.45 3.99
Median 5.34 4.04 4.09 4.39

Last updated: 15 November 2019 4:16pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com