Judge OKs $600M settlement by shingle maker

[RickSab]

Judge OKs $600M settlement by shingle maker CertainTeed

A Philadelphia federal judge has granted preliminary approval of a $600 million class-action settlement to buyers of organic roofing shingles made by Pennsylvania-based CertainTeed Corp. The settlement is expected to resolve possibly tens of thousands of claims over allegedly faulty shingles sold under many brand names, including Hallmark Shangle, Independence Shangle, Horizon Shangle and Hearthstead. The Philadelphia Inquirer (12/31)

To read more, click here.

[Jim Katen]

Judge OKs $600M settlement by shingle maker CertainTeed

A Philadelphia federal judge has granted preliminary approval of a $600 million class-action settlement to buyers of organic roofing shingles made by Pennsylvania-based CertainTeed Corp. The settlement is expected to resolve possibly tens of thousands of claims over allegedly faulty shingles sold under many brand names, including Hallmark Shangle, Independence Shangle, Horizon Shangle and Hearthstead. The Philadelphia Inquirer (12/31)

http://www.philly.com/philly/business/80399982.html

As with most class actions, the only winner here is the law firm.

- Jim Katen, Oregon

[Bill Kibbel]

I'm wondering why they interviewed that specific roofing firm. They're the outfit that just 2 days prior, took a torch to an historic chapel built in 1897, causing $1 million in damage.

[inspector57]

Did you notice how many other class action lawsuits this company has going?

Current Class Action Lawsuits

* Certain Teed Shingles Class Action Lawsuit

* Fed-Ex Drivers Class Action Lawsuit

* IKO Shingle Class Action Lawsuit

* SOH Driver Class Action Lawsuit

* CTA Driver Class Action Lawsuit

* Lawson Consultant Misclassification Lawsuit

* Non-Absorbtion of Ethicon Panacryl Suture Class Action Lawsuit

Current Class Action Lawsuits Under Investigation

* Cell Phone Companies Misclassification of Store Managers

* Valvoline Misclassification of Store Managers

* Rotting Scherer Brothers Far North Windows

* Misclassification as Independent Contractor

* FedEx (and Other Employers) Violations of FMLA

* Dynamex Courier and On-Time Delivery

* Kytec Plumbing Fitting Systems

* Trex Decking Class Action Lawsuit

* Mercedes-Benz Tele Aid

Looks like if it is lucrative enough, these folks will take it on.

[Jim Katen]

Did you notice how many other class action lawsuits this company has going?

Looks like if it is lucrative enough, these folks will take it on.

Well sure, why not? The irony is that the actual victims rarely get enough money to make any difference to their plight. The individual settlements are often just token payments. But the attorneys see a percentage of the aggregate, which is unfailingly in the millions. It's a great scam.

- Jim Katen, Oregon

[charlieb]

Has anyone ever seen "A civil action" ? It gives a Hollywood view but there are some expenses to these actions. As the film shows and Jim said, the attys are after the lions share of the settlement. Millionaires in the making.

[Scottpat]

Remember the "Tobacco" lawsuits back in the 90's? The attorneys involved (right at 70 of them) are all now multi-millionaires with a few billionaires in the mix. The former AG of MS, was the brainchild. The kicker is that he was still if office as the AG, but his former firm was the lead firm for the lawsuits. He is now back in private practice and is now one of those multi-millionaires.

[Terence McCann]

Hallmark Shangle, Independence Shangle, Horizon Shangle

What in the hell is a "Shangle"?

[Bain]

Hallmark Shangle, Independence Shangle, Horizon Shangle

What in the hell is a "Shangle"?

'At's what we call 'em down hyar in Kentucky, son. You got sumpin' a say about it? Or you just clankin' them jaws of your'n . . . ?