Carter Holt class action ends as funding pulled

Carter Holt class action ends as funding pulled
Lawyer Adina Thorn had led the class action against Carter Holt Harvey.
Victoria Young
A multimillion dollar class action brought by homeowners against Carter Holt Harvey over its Shadowclad product has ended unexpectedly.According to one homeowner in the action the corporate giant owned by Graeme Hart’s Rank Group spooked its opposition into ditching the case, after its funder pulled the plug.The building giant made no concessions and will get more than half a million dollars paid to it in security for costs.The case, filed in 2018 and involving 117 leaky building owners seeking more than $40 million in damages, was schedu...

More Property

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025