LAWSUITS NEWS & LEGAL INFORMATION
$55M Settlement Reached in Drywall Antitrust MDL
This is a settlement for the Antitrust lawsuit.
Harrisburg, PA: A$55 million settlement has been reached in a drywall antitrust multi district litigation (MDL) alleging price-fixing among companies that make gypsum board, commonly called drywall, sheetrock or plasterboard.
Preliminary approval was granted by US District Senior Judge Michael M aylson of the Eastern District of Pennsylvania. He has been overseeing the case since consolidation two years ago.
The defendant TIN has agreed to pay $5.25 million to settle claims from direct purchasers of drywall and $1.75 million to settle with indirect purchasers. Similarly, USG has agreed to pay $39.25 million to settle with the direct purchasers and $8.75 million to settle with indirect purchasers. Both TIN and USG deny liability and maintain that there was no conspiracy in violation of the Sherman Act. There are several defendants who have yet to settle.
Judge Baylson has also certified several classes of plaintiffs for the explicit purpose of facilitating the settlement and without having any effect on the still-ongoing litigation.
According to the complaint, the defendants account for more than 99 percent of drywall sold in North America. They are USG, National Gypsum, CertainTeed, Georgia-Pacific, American Gypsum, Lafarge, Temple-Inland (TIN) and PABCO.
Published on Mar-20-15
Preliminary approval was granted by US District Senior Judge Michael M aylson of the Eastern District of Pennsylvania. He has been overseeing the case since consolidation two years ago.
The defendant TIN has agreed to pay $5.25 million to settle claims from direct purchasers of drywall and $1.75 million to settle with indirect purchasers. Similarly, USG has agreed to pay $39.25 million to settle with the direct purchasers and $8.75 million to settle with indirect purchasers. Both TIN and USG deny liability and maintain that there was no conspiracy in violation of the Sherman Act. There are several defendants who have yet to settle.
Judge Baylson has also certified several classes of plaintiffs for the explicit purpose of facilitating the settlement and without having any effect on the still-ongoing litigation.
According to the complaint, the defendants account for more than 99 percent of drywall sold in North America. They are USG, National Gypsum, CertainTeed, Georgia-Pacific, American Gypsum, Lafarge, Temple-Inland (TIN) and PABCO.
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