Over 500 million has been paid out to customers regarding this suit.
Louisiana pacific siding failure.
If you had this put on your house during that time you have probably had problems with it.
Between 1985 and 1995 800 000 homes were sided with a louisiana pacific lp product called inner seal that sparked one of the largest class action lawsuits in history after the siding began to fail.
For those new to this topic lp refers to louisiana pacific inner seal siding a composite wood material put together under pressure.
The publically traded company was founded in 1973 and is headquartered in nashville.
Lack of maintenance exposure and poor installation are common and major contributing factors to premature failure of lp siding.
At lp we understand the challenging dynamics of the building industry deadlines limited skilled workforces potential liabilities reputation management and inventory shortages just to name a few and how those are amplified during this time of unparalleled unknown amid covid 19.
Plaintiffs asserted claims for breach of warranty fraud negligence and violation of consumer protection statutes.
Within a few years thousands.
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Once the product failed and swelled the deterioration could not be reversed by painting for instance and required replacement.
After forming from a georgia pacific spin off in 1972 louisiana pacific was born.
If you suspect this siding and or failure on your home you should contact the manufacture.
Lieff cabraser served as co lead class counsel on behalf of a nationwide class of homeowners with defective exterior siding on their homes.
Once water started to penetrate the drip edge the siding saturated swelled and delaminated.
Building through acquisitions the company bought fiberboard corporation and fifteen southern california building centers that provided the needed distribution points.
A decade ago this product was new.
Louisiana pacific corporation lp makes a variety of engineered wood products including smartside siding.
The most commonly seen problematic siding out there hands down is louisiana pacific inner seal siding.
Document what you see or have a qualified siding inspector or home inspector to inspect and document it.
