International Paper Masonite Siding

Hammermill paper company is acquired.

International paper masonite siding. The verdict came at the end of the first phase of the trial of a national class action brought on behalf of homeowners who installed the siding between 1980 and 1996. Homeowners were able to collect damages through 2008. 1998 lieff cabraser served as co lead class counsel on behalf of a nationwide class of an estimated 4 million homeowners with allegedly defective hardboard siding manufactured and sold by masonite corporation a subsidiary of international paper installed on their homes. The decision ends the first phase of the trial in a.

In 1996 international paper ip lost a class action suit brought by homeowners whose masonite siding had deteriorated. Over 1 billion settlement year. A new international paper company is incorporated to acquire the assets of international paper power and to signal the new focus on paper. International paper also settled three nationwide lawsuits brought against the company in recent years alleging that various siding and roofing materials produced by masonite failed prematurely or.

A state court jury found that certain hardboard siding made by international paper co. Of canada for 523 million. Masonite swells and rots over time when exposed to the elements and may prematurely deteriorate when it is used as exterior siding. This caused international paper owners of masonite brand siding in the 1990 s to lose a class action lawsuit in 1996 for selling defective building materials.

The jury found that ip s masonite siding was defective. But as exterior siding it is inappropriate. Masonite siding was a nature solution because it was high density. Masonite corporation is.

The international paper company the biggest maker of forestry products and paper agreed yesterday to sell its masonite corporation building products unit to premdor inc. Canadian international paper subsidiary is sold to help fund a major plant modernization program in the united states.