Flammable cladding class actions mushroom


Back in March we learned that apartment owners were involved in two combustible cladding class actions backed by litigation funder IMF Bentham. Alucobond manufacturer 3A Composites and supplier Halifax Vogel Group are the subject of one of the class actions, whereas Vitrabond supplier Fairview Architectural is the subject of the other class action.

Today The AFR reports that potentially more than 1,000 buildings worth multiple billions of dollars could be captured under the first class action listed above after the Federal Court rejected efforts by Alucobond manufacturer 3A Composites to limit the number of claimants against it:

“The evidence filed by the parties in relation to the interlocutory application suggests that there is likely to be more, perhaps many more, than 1,000 group members and that the potential damages claims may total many billions of dollars,” Justice Wigney said…

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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.