May 29, 2022

Allura Fiber Cement Siding Settlement 2022: $12.5M Class Action Settlement.

Have you heard of the Allura Fiber Cement Siding Settlement ? Do you want to know more about the Allura Fiber Cement Siding Settlement class Action? Have you used Allura Fiber Cement Siding in your building projects? , then you may be entitled to a Settlement Benefit.

What is The Allura Fiber Cement Siding Settlement

Allura sells a range of home construction materials, according to the company’s website, including siding, panels, trim, and soffit.

The Allura siding settlement covers claims for qualifying damage — cracking, bowing, shrinkage, warping, breakage, or gapping greater than 3/16 of an inch — in the siding as well as alleged property damage resulting from the failed siding.

What is the Allura Fiber Cement Siding Settlementt

A class action lawsuit had alleged the Allura fiber cement siding is prone to problems such as cracking, bowing, shrinking, and breaking. Consumers whose homes have Allura fiber cement siding may be eligible to benefit from a $12.5 million class action settlement. The Class is made up of anyone who owns a home that has Allura fiber cement siding manufactured in Plycem’s White City, Oregon, plant between Feb. 1, 2014, and May 7, 2014, or manufactured at the company’s Roaring River, North Carolina, plant between Feb 1, 2014, and Feb. 18, 2015.

How to know if you are in the settlement class

You may be included in the Settlement Class if you own a home with: Siding manufactured in Plycem’s plant located in White City, Oregon between February 1, 2014 and May 7, 2014 or manufactured in Plycem’s Roaring River, North Carolina plant between February 1, 2014 and February 18, 2015. The place and date of manufacture are stenciled on the back of each board. There are certain presumptions related to the date of installation that apply, which are described in more detail in the Settlement Agreement.

You have to submit a claim, This is the only way to receive benefits under the Settlement. You may open a claim by Clicking Here or calling 1-844-530-0355. You will then receive instructions for filling out a claim form and submitting a claim package. Although you should register with the Claims Administrator now, you can open and submit a claim for Qualifying Damage only during the two years following the Effective Date of the Settlement which is defined in the Settlement Agreement.

The provisions of the Settlement

The Allura siding settlement covers claims for qualifying damage — cracking, bowing, shrinkage, warping, breakage, or gapping greater than 3/16 of an inch — in the siding as well as alleged property damage resulting from the failed siding

Class Members filing a claim has to choose one of three compensation options: replacement and repair, a quick cash option, or a cash option with proof of repair.

If the Class Member then provides sufficient proof of repair for the entire elevation within the allotted time, they will be eligible to receive $4.25 per square foot of the remaining portions of the elevation.

Conclusion

A final approval hearing in the Allura siding settlement was held May 17, 2021.

click Here to read about other settlement cases.

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