Settlement Achieved with CertainTeed Corporation in WeatherBoards™ Fiber Cement Siding Class Action

VANCOUVER, Oct. 28, 2016 /CNW/ -

Background

Class action lawsuits were commenced in British Columbia and Alberta against CertainTeed Corporation (“CertainTeed”) alleging that WeatherBoards™ fiber cement siding (the “Siding”) is defective and subject to cracking, bowing, warping, delamination and shrinkage.

The Settlement

A settlement in the lawsuits has been reached with CertainTeed. CertainTeed denies that the Siding is defective. This settlement must be approved by the courts in British Columbia and Alberta.

Under the settlement, CertainTeed will pay a gross settlement amount of CAD $7.25 million into a settlement fund for the benefit of Settlement Class Members. Certain approved costs will be deduced from the gross settlement amount, including class counsel fees, administration costs, taxes and disbursements.

Who Are The Settlement Class Members?

All persons and entities resident in Canada who own a home, residence, building, or other structure located in Canada that had Siding installed on or before July 1, 2016 are automatically part of the Settlement Class and are bound by the settlement.

Settlement Approval Hearings

A hearing to consider approval of the settlement, a counsel fee of up to 18% of the recovered amounts, and counsel costs payable from the settlement will be heard on January 31, 2016 at 2:00 p.m. at the Court of Queen’s Bench of Alberta in Edmonton and on February 17, 2016 at 10:00 a.m. at the Supreme Court of British Columbia in Vancouver.

More Information

More information on the lawsuits and a copy of the official court notice outlining the rights and options of Settlement Class Members can be found at www.certainteedsettlement.ca.

The lawyers that represent the class are James H. MacMaster and Chelsea D. Hermanson of Branch MacMaster LLP and can be reached at:

• Email: [email protected]
• Telephone: [phone]
• Fax: [phone]
• Mail: 1410 – 777 Hornby Street, Vancouver, BC V6Z 1S4

SOURCE Analytics Consulting LLC

The lawyers that represent the class are James H. MacMaster and Chelsea D. Hermanson of Branch MacMaster LLP and can be reached at: Email: [email protected], Telephone: [phone], Fax: [phone], Mail: 1410 - 777 Hornby Street, Vancouver, BC V6Z 1S4