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The Litigation Class
On September 22, 2008, a Notice was disseminated to Litigation Class Members describing the terms of settlements with Defendants Louisiana-Pacific, Norbord, Weyerhaeuser, Potlatch and Grant, as well as the proposed Plan of Allocation, the request for attorneys' fees, and how to obtain proceeds from any of the settlements in this case.
The Litigation Class includes persons and entities that
purchased OSB structural panel products in the United States directly from any
of the Defendants during the period from June 1, 2002 through February 24,
2006. For the benefit of the Litigation Class, Louisiana-Pacific has agreed to
pay $44,500,000, Norbord has agreed to pay $30,000,000, Weyerhaeuser has agreed
to pay $18,000,000, Potlatch has agreed to pay $2,700,000 and Grant has agreed
to pay $725,000. The Court will hold a hearing on November 24, 2008 at 2:00
p.m., for the purpose of determining whether the proposed settlements with
Louisiana-Pacific, Norbord, Weyerhaeuser, Potlatch and Grant should be approved
as fair, adequate and reasonable.
| SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS AS A MEMBER OF THE LITIGATION CLASS: |
| File a Claim
Form |
If you are a member of the Litigation Class, you may be eligible to receive a
share of the proceeds from the proposed settlements with Louisiana-Pacific,
Norbord, Weyerhaeuser, Potlatch and Grant. In order to obtain a share of the
proceeds from these or other settlements in this Action, you must submit a
Claim Form. The Claim
Form must be postmarked or submitted online by December 1, 2008 to be considered for distribution.
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| Object |
DEADLINE HAS PASSED |
| Attend the Fairness Hearing |
If you are a member of the Litigation Class, you may ask to speak at the
Fairness Hearing regarding the proposed settlements with Louisiana-Pacific,
Norbord, Weyerhaeuser, Potlatch and Grant. However, you may only speak at the hearing if you first follow certain procedures described in paragraph 2.10 of the September 22, 2008
Notice. |
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Hire Your own Lawyer |
If you are a member of the Litigation Class, you may, but are not required to,
hire your own lawyer at your expense to advise you of your rights with respect
to the proposed settlements, the proposed Plan of Allocation, and Class
Counsel's request for an award of attorneys' fees, reimbursement of litigation
expenses and incentive awards for class representatives. You have the right to
enter an appearance in the lawsuit through your lawyer if you wish. |
| Do
Nothing |
If you are a member of the Litigation
Class and do nothing, you will not receive proceeds from the proposed
settlements with Louisiana-Pacific, Norbord, Weyerhaeuser, Potlatch and Grant. You must submit a
Claim Form to obtain a share of the settlement
proceeds. Even if you do nothing, you will be bound by the Release and
Discharge provisions contained in each of the proposed settlement agreements
with Louisiana-Pacific, Norbord, Weyerhaeuser, Potlatch and Grant.
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| Litigation Class Important Dates and Deadlines |
| File a Claim |
Postmarked or submitted online by December 1, 2008 |
| Opt-Out/Exclusion |
DEADLINE HAS PASSED |
| File an Objection |
DEADLINE HAS PASSED |
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