Leaky home owners wave white flag in James Hardie deal

Leaky home owners wave white flag in James Hardie deal
The building products maker says it is "very sympathetic" to the people dealing with weathertightness issues. (Image: Getty)
Paul McBeth
Disgruntled owners of leaky homes have been left high and dry in their class actions against building products makers, with James Hardie and Carter Holt Harvey both receiving payments in settling the suits. Harbour Litigation Funding will pay $1.25 million to building products maker James Hardie settling a negligence claim by owners of more than 1,200 homes.The ASX-listed company today said it had settled the litigation in a full and final settlement halfway through the 17-week trial in the high court in Auckland without any admission of l...

More Infrastructure

BP exits Channel Infrastructure in $46m deal
Infrastructure

BP exits Channel Infrastructure in $46m deal

BP follows Mobil and exits former Marsden Point oil refinery business.

Email from CCHL boss reveals dividend frontloading trade-offs
Infrastructure

Email from CCHL boss reveals dividend frontloading trade-offs

Paul Silk sent his email shortly before the director exodus.

Oliver Lewis 18 Jun 2024
Average household spends 16% of income on infrastructure – report
Infrastructure

Average household spends 16% of income on infrastructure – report

A new report from the Infrastructure Commission said the average household spends about 16% of their after-tax income on infrastructure services, or about $13,500 a year.The report on user charges for infrastructure services such as water, roads and electricity analysed what is c...

Kaya Selby 17 Jun 2024
City deals expected by 2025
Infrastructure

City deals expected by 2025

Deals tipped to reshape relationship between central and local government.

Kaya Selby 17 Jun 2024