Result: $140 million in settlements
Year: 2003
Richison v. American Cemwood Corp. Defective Shakes Lawsuit
Lieff Cabraser served as Co-Lead Class Counsel for an estimated nationwide class of 30,000 owners of homes and other structures on which defective Cemwood Shakes were installed.
In November 2003, the Court granted final approval to a $75 million Phase 2 settlement in the American Cemwood roofing shakes national class action litigation. This amount was in addition to a $65 million partial settlement approved by the Court in May 2000, and brought the litigation to a conclusion. The case is resolved, and the deadline for submitting claims has expired.