SC TrimBoard Settlement Gets Initial OK

Law360, New York (November 24, 2010, 2:11 PM EST) -- A federal judge has preliminarily signed off on a settlement between Louisiana-Pacific Corp. and ABT Building Products Corp. and a group of homeowners who claim that the companies sold exterior trim for houses that rapidly deteriorates.

On Tuesday, Judge Richard M. Gergel of the U.S. District Court for the District of South Carolina gave initial approval to the class settlement, which calls for the plaintiffs to receive $13 per linear foot of damaged TrimBoard on their buildings.

The deal covers trim damaged by excessive swelling, delamination or...
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