SFMS Announces Final Approval Of Settlement Of The In Re OSB Antitrust Litigation

December 19th, 2008

Shepherd, Finkelman, Miller & Shah, LLP announces that on December 9, 2008, the United States District Court for the Eastern District of Pennsylvania, the Honorable Paul S. Diamond presiding, approved a settlement in an antitrust class action, which was filed on behalf of direct purchaser plaintiffs. SFMS is one of the class counsel working on the case. The lawsuit asserts that defendants violated the Sherman Antitrust Act by engaging in an unlawful conspiracy to fix, raise, maintain, and/or stabilize prices for oriented strand board in the United States. The settlement involves defendants, Louisiana-Pacific Corporation, Weyerhaeuser Company, Potlatch Corporation, Norbord Industries, Inc., and Grant Forest Products Sales, Inc. and Grant Forest Products, Inc. Pursuant to the settlement, members of the Litigation Class, Huber Settlement Class, Georgia-Pacific Settlement Class, Ainsworth Settlement Class, and Tolko Settlement Class will receive a pro rata share of the dollar value of the appropriate settlements. Membership in the Classes is determined by the type of OSB product the Claimant purchased and the date of purchase.

For a copy of the Court's Order Approving the Settlement, please click here.

If you have questions concerning the settlement, please contact Natalie Finkelman Bennett at 1-877-891-9880 or email nfinkelman@sfmslaw.com)