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Property developer Thirdi has rejected the claims of a class action brought by the owners of lots in an allegedly shoddy townhouse development in Sydney, and has filed a cross-claim seeking an indemnity from its builder.
A judge overseeing a class action by the owners of lots in a townhouse development in the Sydney suburb of Alexandria has rejected an application for security for costs, noting the case has been brought by individuals who stand to lose their properties if they fail to pay costs.
Two ex-directors of Chinese construction and engineering firm BCEG who were found to have defrauded the company have succeeded in clawing back a portion of their costs of a partially successful appeal which reduced the amount owing to their former employee by around $12.5 million.