International Paper Masonite Siding

The jury found that ip s masonite siding was defective.

International paper masonite siding.

The decision ends the first phase of the trial in a. 1998 lieff cabraser served as co lead class counsel on behalf of a nationwide class of an estimated 4 million homeowners with allegedly defective hardboard siding manufactured and sold by masonite corporation a subsidiary of international paper installed on their homes. A new international paper company is incorporated to acquire the assets of international paper power and to signal the new focus on paper. Masonite siding was a nature solution because it was high density.

Hammermill paper company is acquired. Of canada for 523 million. And international paper co no. The verdict came at the end of the first phase of the trial of a national class action brought on behalf of homeowners who installed the siding between 1980 and 1996.

Masonite corporation is. This caused international paper owners of masonite brand siding in the 1990 s to lose a class action lawsuit in 1996 for selling defective building materials. International paper also settled three nationwide lawsuits brought against the company in recent years alleging that various siding and roofing materials produced by masonite failed prematurely or. Over 1 billion settlement year.

Canadian international paper subsidiary is sold to help fund a major plant modernization program in the united states. Although masonite is phasing out production of hardboard siding products international paper will continue to make these products available to qualified claimants for repair and replacement purposes under the terms of a 1998 legal settlement. But as exterior siding it is inappropriate. Said it agreed to pay as much as 197 5 million to settle a class action lawsuit alleging that exterior siding made by its masonite corp.

The international paper company the biggest maker of forestry products and paper agreed yesterday to sell its masonite corporation building products unit to premdor inc. In 1996 international paper ip lost a class action suit brought by homeowners whose masonite siding had deteriorated.