James Hardie leaky homes trial ends early with settlement, but no compensation for owners

The $220 million class action lawsuit against Australian building materials group James Hardie has ended with a mid-trial settlement that will see homeowners receive no compensation for their leaky home claims. Harbour Litigation Funding, which has been backing the case since it was initiated in 2005, will pay James Hardie NZ$1.25 million as part of the settlement. More from Stuff.co.nz.

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Funder News

ILFA Names New Chairman, Board of Directors, and Executive Committee

The International Legal Finance Association (ILFA) has announced its new board of directors, its chairman, and the executive committee. Gary Barnett, Executive Director of ILFA, welcomed Neil Purslow, who co-founded Therium, as the new Chairman. The Executive Committee Officers include: Christopher DeLise of Delta Capital, Susan Dunn of Harbour Litigation Funding, Jack Neumark of Fortress Investment Group LLC, Andrew Saker of Omni Bridgeway and Marcel Wegmüller of Nivalion.

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Can Class Actions get off the ground in the UK without technology or funding?

Susan Dunn of Harbour Litigation reports that her firm is starting to insist on law firms using technology for class actions that require funding, stating that they won’t accept people saying, ‘we’ve got a bunch of paralegals with Excel spreadsheets doing this on phone at the cost of £100 a head.”

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Tory backbencher calls on government to close ‘loopholes’ letting London firms work for the Kremlin

Tory backbencher Kevin Hollinrake has called on the government to close the “loopholes” that have allowed UK professional services firms to continue carrying out bankruptcy proceedings on behalf of the Russian state. The Conservative party MP accused accountancy giant Grant Thornton, litigation funder Harbour, and London law firm CMS of undermining the UK’s efforts to “restrict the Kremlin’s access to funds,” by carrying out bankruptcy proceedings against Russian oligarch Alexey Motylev. A spokesperson for Harbour noted that the litigation funder had not been involved in the case since June 2021.

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