Setback in dead man’s quarter-century legal feud with former partner

The estate of a now-deceased South Africa-based steel trader has had a set-back in a quarter-century long legal battle with his New Zealand-based business partner. Despite arguments that it needed access to the US $35 million that was paid into court by the defendant in order to pay back a “ruinous” litigation loan and continue its legal fight, the New Zealand court declined to do so until the final liability has been determined. More from Stuff.co.nz.

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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.

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