“The plaintiffs would have continued, if the funder had continued funding,” Wheatley said.
In a statement to investors on the ASX Australian sharemarket, James Hardie said it had been paid $1.25 million as a result of the settlement.
RYAN ANDERSON/Stuff
The James Hardies leaky homes class action was taking place at the High Court in Auckland.
James Hardie’s New Zealand manager John Arneil said: “While we are happy with this outcome, and believe the settlement supports our continued belief that the allegations lacked merit, and we behaved as a responsible manufacturer, we remain very sympathetic to homeowners negatively impacted by weathertightness issues.”