Ministry of Education pursues Carter Holt Harvey over leaky schools

Nikki Kaye

The New Zealand Ministry of Education will continue to pursue a leaky schools lawsuit against Carter Holt Harvey after the wood company owned by Graeme Hart's Rank Group failed in an attempt to have the claim quashed.

The claim concerns CHH's supply of faulty wall cladding material used in New Zealand schools. CHH failed to have the ministry's product liability claim struck off in the High Court last week, associate education minister Nikki Kaye said in a statement.

The ministry filed the proceedings last year as it embarked on a remediation programme on 800 buildings across more than 300 schools, with an estimated cost of some $1.5 billion.

The government has settled more than 40 claims relating to leaky buildings and the ministry was the first government agency to lodge a major product liability claim. It has reached out of court settlements with Australian manufacturers James Hardie and CSR Building Products.

Specific details of the settlements and ongoing legal action are confidential and have not been revealed, Kaye said.

The ministry's continued legal action comes after CHH was order to pay $1.85 million by the High Court for price fixing in the Auckland commercial timber market, where it had entered into an understanding with Fletcher Building's distribution arm in late 2012 to fix prices for the supply of structural timber to commercial customers in Auckland.

Fletcher's distribution arm Placemakers was granted immunity after it discovered its involvement in the price fixing last year, told the Commerce Commission and cooperated with the investigation.

(BusinessDesk)

This article is tagged with the following keywords. Find out more about My Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7842 -0.0078 -0.98%
AUD 0.8914 -0.0023 -0.26%
EUR 0.6203 -0.0015 -0.24%
GBP 0.4896 -0.0010 -0.20%
HKD 6.0810 -0.0622 -1.01%
JPY 85.2860 -0.3520 -0.41%

Commods

Commodity Price Change Time
Gold Index 1229.0 2.000 2014-10-28T00:
Oil Brent 86.0 -0.650 2014-10-28T00:
Oil Nymex 81.4 0.410 2014-10-28T00:
Silver Index 17.2 0.065 2014-10-28T00:

Indices

Symbol Open High Last %
NZX 50 5338.3 5367.6 5338.3 0.33%
NASDAQ 4551.4 4564.4 4564.3 -0.33%
DAX 9139.0 9157.6 9068.2 0.16%
DJI 17005.1 17065.5 17005.8 -0.18%
FTSE 6402.2 6475.4 6402.2 0.81%
HKSE 23704.0 23855.7 23520.4 1.27%
NI225 15442.4 15595.3 15329.9 1.46%