Signage industry supplier Fairview Architectural whichcounted one of controversial outfit Skope Group’s entities, Clear Skies, among its clients is in voluntary administration, as it battles a class action lawsuit.
Administrators are John McInerney and Said Jahani of Grant Thorton in Sydney.
The firm has spent almost $1.5m defending the class action claim brought against it in relation to its aluminium composite cladding, and the cost of continual legal defence threatened the company in the long-term. Fairview believes there was no legal liability on it, but has engaged in good faith settlement negotiations.
Facing such cumulative pressures, …
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