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Claims start in siding settlement
The Seattle Times
August 15, 2000
Homeowners with failed Weyerhaeuser hardboard siding installed in the past 18 years could receive $3 to $7 a square foot if terms of a tentative settlement are approved in December, an attorney for the plaintiffs says. Yesterday, Weyerhaeuser started the claims process in the case.
The settlement requires Weyerhaeuser to place full-page legal notices in three newspapers in Washington, national magazines such as Newsweek and Time, and in newspapers in 10 other states. The amount of compensation will be based on where a home is. In previous cases, the average compensation for faulty siding was $3 to $7 a square foot, said Jonathan Selbin of Lieff Cabraser Heimann & Bernstein.
If a San Francisco court approves the final settlement, there will be neither a cap on the total number of claims allowed nor a maximum that homeowners can be paid. The later the siding was installed, the longer the owner has to file a claim. Certain exceptions may apply, but all Weyerhaeuser hardboard siding installed from January 1, 1981 to December 31, 1999 is included in the settlement.
Note: for more information on this case, please click here.