Litigation funder Omni Bridgeway is going after the insurers of cladding supplier Fairview Architectural, after the maker and supplier of Vitrabond combustible cladding said the legal costs of defending itself in a class action suit put the company at risk and put itself into administration.

Omni Bridgeway – formerly IMF Bentham – which last year launched the class action against Fairview, the country's second-largest supplier of combustible panels, shrugged off the move, saying it was used to respondents going into administration or liquidation and was seeking to continue the case against Fairview's insurers.