Adina Thorn’s Class Action Against Carter Holt Ends With Litigation Funder Withdrawing

The British litigation funder behind a multi-million dollar, widely publicised class action launched in 2018 by New Zealand law firm Adina Thorn against Carter Holt Harvey for its Shadowclad product has unexpectedly has pulled out of the funding arrangement for unknown reasons. Carter Holt made no concessions and is set to obtain substantial security for costs paid to them following the discontinuance. More from LawFuel.

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Should The James Hardie Class Action Pullout Change The Way We Think About Litigation Funding?

John Bowie of LawFuel argues that the suggestion by many critics in the wake of the James Hardie case that funders should be required to support a case for a mandated period of time is not a viable option and misses the central takeaway from the case, which is that the aggrieved litigants were able to access justice as a result of the funding, even though the outcome was not what the plaintiffs or the funder would have wanted.

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