We are pleased to announce that a settlement has been reached in the case of In re IKO Roofing Shingles Products Liability Litigation, Case No. 2:09-md-2104-JES, MDL No. 2104. The plaintiffs in this case were represented by multiple law firms, including Bolen Robinson & Ellis.
This action initially arose in 2009 when the plaintiffs, who were customers of IKO, claimed that IKO’s organic shingles wore out long before their advertised 50 year lifespan. An “iron clad” warranty allegedly accompanied the shingles; however, the plaintiffs claimed that IKO attempted to avoid honoring its warranty by making it difficult for customers to file a claim.
Under the terms of the settlement, all individuals and entities that own or owned homes, residences, buildings, or other structures located in the United States upon which the IKO organic shingles were installed are consolidated into the settlement class. The benefits to members of the settlement class include extensions of shingle warranties as well as increases in payments on certain valid warranty claims.
Preliminary approval of the settlement was granted on October 12, 2018, by a Federal Judge in Urbana, Illinois. A final approval hearing is scheduled for January 16, 2019.
This post will be updated as additional information, including the Notice of Settlement that will be sent to class members, becomes available.
