OSB Antitrust Litigation
Settlement Information Website

 


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.
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.
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.


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