First law suit filed over flammable cladding

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By Leith van Onselen

The first major law suit has been filed relating to the rectification costs arising from dodgy flammable cladding installed on thousands of Australia’s high-rise apartments:

They want $24 million. On Monday, owners of the 328 apartments in Melbourne’s Lacrosse residential tower will start their long-awaited case for damages against builder LU Simon, over the combustible cladding placed on their building…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.