Iko Roofing Class Action

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

Iko roofing class action.

However the defective shingle lines are no longer produced and iko has been working hard on improving formulations across the board. Iko is committed to investing in state of the art technology and manufacturing to meet the ever changing needs of our customers. In summary if this settlement is approved then the iko defendants will. 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.

We take everything to new levels. They would also be entitled to a cash payment or replacement shingles if their previously purchased shingles fail within the extended warranty. 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. What is this class action about.

Iko provides roofing insulation and waterproofing solutions worldwide. As part of the settlement iko paid 7 5 million for the benefit of class members. Average iko consumer ratings are poor dragged down by widespread failure of organic shingles and the cambridge ar line. According to the suits defects in design and manufacture allow moisture such as water or snow to invade the shingles.

The settlement represents a voluntary resolution of claims. Machine fibers ltd for the alleged negligent design and manufacture of iko organic shingles. Extend existing non expired shingle warranties by five years. The defendants have agreed to.

The representative plaintiff on behalf of himself and the class claimed damages from the defendants iko industries ltd canroof corporation inc and i g. The company is the target of class action lawsuits in the us and canada. A settlement has been reached in the litigation. 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.

The iko defendants deny these allegations. 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.