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Funding has been confirmed for a class action lawsuit against the makers of defective plaster cladding.

The legal action, which will claim damages of more than $100 million, is being funded by Harbour Litigation Funding Limited. Harbour Litigation Funding is a UK-based company which provides commercial litigation funding. It covers all legal funding to conduct a case, and takes a percentage of funds awarded. It is not repaid if the case is unsuccessful.

Adina Thorn from Adina Thorn Lawyers, which is handling the case, said the funding meant there would be no out-of-pocket costs for participants. Ms Thorn said the funding was an encouraging sign. "Harbour only invests in cases it believes have strong prospects of success so we are encouraged that they have decided to fund this class action."

Ms Thorn says she has had calls about polystyrene, Harditex, Monotek and Titan cladding, and that while no defendants have been named in the class action yet, all of those products were made by James Hardie.

Thorn has had more than 1200 leaky home owners register to be part of the case through the website It is hoped the class action will be formally lodged at the Auckland High Court in the next few months.

Source: TVNZ

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