International Paper Masonite Siding

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 masonite siding.

Although masonite is phasing out production of hardboard siding products international paper will continue to make these products available to qualified claimants for repair and replacement purposes under the terms of a 1998 legal settlement. Of canada for 523 million. Over 1 billion settlement year. And international paper co no.

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. 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 international paper company the biggest maker of forestry products and paper agreed yesterday to sell its masonite corporation building products unit to premdor inc. 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.

But as exterior siding it is inappropriate. 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. In 1996 international paper ip lost a class action suit brought by homeowners whose masonite siding had deteriorated. The decision ends the first phase of the trial in a.

Said it agreed to pay as much as 197 5 million to settle a class action lawsuit alleging that exterior siding made by its masonite corp. Masonite swells and rots over time when exposed to the elements and may prematurely deteriorate when it is used as exterior siding. A state court jury found that certain hardboard siding made by international paper co. Canadian international paper subsidiary is sold to help fund a major plant modernization program in the united states.

Masonite corporation is. Hammermill paper company is acquired.