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Property developer Green Capital and Lake Macquarie City council are facing a class action seeking compensation for homeowners in a Newcastle suburb over properties that are allegedly sinking into the ground and have been “injuriously affected in value”.
New Zealand construction giant Fletcher Building has hit back at a shareholder class action over allegedly misleading forecasts for the 2017 financial year, saying some of the claims under New Zealand law were brought out of time.
Shareholders have brought a class action in Australia against New Zealand-based Fletcher Building, alleging the company failed to disclose material information relating to its construction division.
Sydney homeowners bringing a class action over homes they claim are sinking into the ground won’t be able to recoup alleged losses from the engineering company that certified the lots for development.
Homeowners in a Western Sydney suburb have filed a NSW Supreme Court class action against the local council, a developer and geotechnical engineers seeking compensation over homes they claim are sinking into the ground.