Funder backs cladding class action
Litigation funder IMF Bentham and William Roberts Lawyers will launch a class action for property owners who have been forced to pay for the removal of combustible polyethylene-core cladding from their buildings.
The action will represent owners of residential, commercial and other non-residential buildings.
Another class action is being put together by law firm Adley Burstyner and building inspector Roscon Property Services, targeting construction companies that have used combustible cladding in residential buildings.
Losses may include premiums on house and contents cover, which have increased dramatically for affected or potentially affected buildings.
State governments are cracking down on the use of combustible cladding.
The Victorian Government has shifted the cost of removing it to residents. More than 800 companies and individuals have been contacted under a state cladding audit.