Home Siding Co. Pays $104M To Settle MDL Over Defects

Law360, New York (October 03, 2013, 7:14 PM ET) -- A federal judge on Thursday approved a $104 million settlement between CertainTeed Corp. and a class of consumers who alleged that various home sidings made by the company were prone to premature degradation and failure.

In 2010, numerous class actions were filed across the country against CertainTeed relating to the alleged product defects, and in 2011 the U.S. Judicial Panel on Multidistrict Litigation transferred all of the actions filed in federal district court complaining about CertainTeed’s siding to the Eastern District of Pennsylvania.

“The settlement creates...
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