IKO Settles Class Action Lawsuit Regarding Organic Asphalt Shingles

PEORIA, Ill., Nov. 2, 2018 /PRNewswire/ -- Lockridge Grindal Nauen P.L.L.P., Halunen Law, and Levin Sedran & Berman, counsel for the plaintiffs in In re: IKO Roofing Shingles Products Liability Litigation, MDL Docket No. 2104 (C.D. IL), announced today that the plaintiffs have entered into an agreement to settle various class actions relating to IKO "organic" asphalt roofing shingles that were installed on buildings in the United States primarily between 1978 and 2008.  IKO denies any liability in the actions.  The parties agreed to the settlement to avoid the expense and distraction of further protracted litigation and to fully resolve this matter.

This class action settlement, which must be approved by a judge, was filed in the United States District Court for the Central District of Illinois.  The benefits to Settlement Class Members include extensions of shingle limited warranties by up to five years on existing warranties and some expired warranties and increases in the payments on certain valid warranty claims. 

People who own or owned buildings with IKO organic shingles can obtain additional information about the settlement by checking the website at www.IKOOrganicRoofingShinglesClassActionSettlement.com.

For Further Information:  

For Class Plaintiffs:

Robert K. Shelquist
Lockridge Grindal Nauen P.L.L.P.
612-339-6900
www.locklaw.com

Clayton Halunen
Halunen Law
612-605-4098
www.halunenlaw.com  

Charles Schaffer
Levin Sedran & Berman
877-882-1011
www.lfsblaw.com  

SOURCE Lockridge Grindal Nauen P.L.L.P., Halunen Law, and Levin Sedran & Berman

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