Trex To Pay $8M To Settle Deck Fungus Class Action

By Lance Duroni (August 20, 2013, 3:01 PM EDT) -- A California federal judge on Monday gave Trex Co. Inc. preliminary approval to pay up to $8.25 million to settle a long-running class action alleging the company sold defective decks that were vulnerable to discoloration from a fungus.

U.S. District Judge Jeffrey S. White signed off on the deal despite opposition from the plaintiff in a parallel suit in New Jersey, who complained that Trex's plan to notice class members was inadequate and that the release in the settlement should be limited to those who actually submit claims.

The objecting plaintiff, Dr. Caryn Borger, won't be barred from raising further objections...

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