Apartment owners eye insurers in $20m leaky building claim

ASX-listed litigation funder Omni Bridgeway has opened a $20 million closed class action for apartment owners in an Auckland block known as Victopia.

Victoria Young

Thu, 11 Mar 2021

A decade on from launching an investigation into defects in their apartments, owners in an Auckland leaky building now have a chance to go after insurers to fund their repairs.ASX-listed litigation funder Omni Bridgeway has opened a $20 million closed class action for apartment owners in an Auckland block known as Victopia.The no-win, no-fee class action is aimed at helping almost 200 owners in the Auckland central apartment building pay for leaky building repairs. The 15-storey building was signed off by Auckland Council in 2005, but by...

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