LP Off Hook For Repair Costs Over Faulty Siding

Law360, New York (March 9, 2009, 12:00 AM EDT) -- Finding that a 14-year-old class action settlement with building products maker Louisiana-Pacific Corp. precluded Lester Building Systems from having to repair faulty LP-made siding on customers' hog barns, the Supreme Court of Minnesota has ruled that LP does not have to pay an additional $11.2 million in repair-cost damages to Lester.

Minnesota's high court handed down the ruling Thursday, finding that a state appeals court correctly reversed a jury verdict ordering LP to cover Lester's repair-cost damages, which the jury had awarded in addition to $18.6...
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