Roof Tile Maker Escapes $250M False Ad Class Action

Law360, New York (January 31, 2013, 7:07 PM EST) -- A concrete roof tile manufacturer escaped a class action seeking $250 million over allegations of falsely advertising the durability of its products on Monday after a California court found the plaintiffs had relied on a speculative sampling methodology to support their claims.

A class of 128,000 members had asked the Placer County Superior Court to award more than a quarter of a billion dollars in damages against Monier Inc., which the plaintiffs say falsely marketed concrete roof tiles as “50 year” and “lifetime” despite knowing that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.