Iko Roofing Class Action

In 2018 the iko defendants and the named plaintiffs reached a proposed class action settlement to resolve this dispute subject to the court s approval.

Iko roofing class action.

Class action lawsuits have been filed against iko manufacturing alleging that the company s organic roofing shingles are defective and fail well before their useful life expectancies. This settlement resolves a long hard fought combined class action against a number of iko companies who manufactured or sold certain organic asphalt roofing shingles primarily between 1978 and 2008. Extend existing non expired shingle warranties by five years. This class action lawsuit claims that iko cambridge ar roof shingles are defective and prone to premature blistering tearing cracking delamination granule loss degradation and loss of adhesion at the seal strip between adjacent shingles.

However the defective shingle lines are no longer produced and iko has been working hard on improving formulations across the board. They would also be entitled to a cash payment or replacement shingles if their previously purchased shingles fail within the extended warranty. The representative plaintiff on behalf of himself and the class claimed damages from the defendants iko industries ltd canroof corporation inc and i g. As part of the settlement iko paid 7 5 million for the benefit of class members.

Iko is committed to investing in state of the art technology and manufacturing to meet the ever changing needs of our customers. Iko does not admit any wrongdoing or liability. In summary if this settlement is approved then the iko defendants will. We take everything to new levels.

Iko provides roofing insulation and waterproofing solutions worldwide. The iko defendants deny these allegations. The company is the target of class action lawsuits in the us and canada. Iko and the plaintiff on behalf of the class have agreed to settle the canadian class action relating to alleged defects in iko organic shingles.

Under the terms of the iko roofing class action settlement homeowners who purchased the allegedly faulty shingles from iko would receive a five year extension on their warranty of the products. The settlement represents a voluntary resolution of claims. The defendants have agreed to. Machine fibers ltd for the alleged negligent design and manufacture of iko organic shingles.

What is this class action about. The class action affects current or former owners or lessees of buildings located in canada that contain or contained iko organic shingles.