Canterbury Litigation Funding is backing a class action against The Earthquake Commission (EQC) on behalf of tens of thousands of homeowners who bought earthquake damaged homes they believed were properly repaired by EQC, but subsequently discovered their homes still had issues. The class action argues that affected homeowners should be able to receive a cash payment for the cost of the remedial work, rather than being required to undertake their own repairs and apply to be reimbursed under the prescriptive criteria of the $300m On-Sold Policy administered by the EQC. Canterbury is entitled to a fee of up to 15% (including GST) from any amount due claimants from EQC.