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In 1996, LP committed at least $275 million to a settlement with 800,000 homeowners who had used the Inner-Seal siding. [9] In April 2003, LP implemented a Claimant Offer Program to speed payments to claimants. In what was the largest class-action lawsuit in the history of the siding industry, LP paid out more than 37,000 claims.
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
Masonite entered the door business in 1972, when it began producing wood-composite molded door facings and other components. In 1982, the Masonite Corporation spun off its timber property. In 1984, USG acquired Masonite. [7] In 1988, USG sold Masonite to International Paper. [8] International Paper in 1988.
Masonite board Back side of a masonite board Isorel, c. 1920 Quartrboard, [1] Masonite Corporation, c. 1930. Masonite, also called Quartboard or pressboard, [2] is a type of engineered wood made of steam-cooked and pressure-molded wood or paper fibers. The fibers form a stiff, dense material in a range of weights.
American Home Shield was founded in 1971 and operated independently until it was acquired by ServiceMaster in 1989. [9] In 2018, the American Home Shield business was spun off under Frontdoor, Inc., a new, publicly traded company on the NASDAQ (ticker symbol FTDR).
The company was founded in 1982 by Ken Hendricks and Diane Hendricks.It grew from a single store in Wisconsin to having over 700 branches in 49 states nationwide and sales of over 11 billion dollars.
Wood treated with this process is often used for cladding or siding, flooring, furniture and windows. For the control of pests that may be harbored in wood packaging material (i.e. crates and pallets ), the ISPM 15 requires heat treatment of wood to 56 °C for 30 minutes to receive the HT stamp .
A class action suit brought by representatives of the end users against CertainTeed Organic Shingles was approved on September 1, 2010. The complaint was that the shingles were subject to early failure or did not perform as expected by warranty. Some 30 years shingles only lasted 10 years.