| OSB Class Action Lawsuit Reaches Manitoba | 21 April 08 |
 A class action lawsuit against nine Oriented Strand Board (OSB) manufactures has been certified.The lawsuit alleges certain OSB manufactures conspired in violation of US federal antitrust law to restrict the supply of OSB and raise prices. The lawsuit was filed on behalf of consumers who have indirectly purchased OSB, an engineered wood product used in construction, sold in the U.S. from June 1, 2002 to February 24, 2006. The 'Defendant Manufactures' include Louisiana-Pacific Corp, with an OSB facility located in Swan Valley, Manitoba and Tolko, with operations in The Pas, Manitoba. In addition Weyerhaeuser Co., Georgia-Pacific, Potlatch Corp., Ainsworth Lumber Co. Ltd., Norbord Industries Inc., J.M. Huber Corp. and Huber Engineered Woods are defendants. On January 29, 2008, settlement agreements were also reached with Georgia-Pacific for $1.2 million, Huber for $850,000, and Ainsworth for $1.3 million. Ainsworth has an agreement with the Manitoba Government for a $250 million OSB facility northeast of Winnipeg. Visit Oriented Strand Board - Class Action Lawsuit and Settlements website View April 8, 2008 Street Insider article Sources: OSB Class Action Lawsuit & Settlements, Street Insider |
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