Elliott Investment Management and British housing entrepreneur Jeff Fairburn, partners in Avant Homes Group, are pursuing legal action against Lloyds Banking Group over who should bear the cost of cladding remediation on properties that fail to meet updated fire-safety regulations.
According to a report by The Times, Avant faces remediation costs of at least £107m ($146m) linked to potentially dangerous cladding on homes built prior to 2014, when the bank held ownership of the homebuilder. The l...
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