Defending a lawsuit in Western Australia, Fletcher Building subsidiary says someone else made some of its Pro-fit pipes.
Judge says disgraced millionaire’s company ‘arguably caused’ the Podular Housing collapse, which left homeowners high and dry.
David Edward Thomas’s failings include allowing accounting records under his control to be edited.
Competing class actions in the complex CBL claim have produced different outcomes for shareholder plaintiffs.
Some 35,000 customers overcharged between September 2005 through to March 2020.
About 42,000 customers affected and overcharged between 2014 and 2022.
Rockfort Markets mum on exact nature of litigation, although one claim exceeds $1m.
The failed company has until November 1 to pay some of the missing US$100m.
Financial details remain suppressed by court order.
Hong Kong-based director wants a month to 'allow a resolution of matters' in cross-border money-go-round.