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Some Funds Recoverable in OSB Class Action Lawsuit
Builders, remodelers, contractors and others who purchased Oriented Strand Board (OSB) between 2002 and 2008 may be eligible to recover funds as a result of the settlement of a class action lawsuit against OSB manufacturers.
The court hearing the case certified a “settlement class” that enables affected members of the class to submit claims to recover some funds.
The lawsuit claimed that certain OSB manufacturers unlawfully raised prices on OSB sold to end-user indirect purchasers — those who purchased OSB for their “own use, and not for resale, from a store or reseller and not directly from the manufacturer.”
To qualify as a member of the settlement class, you must meet certain requirements identified on the claim form, and in the Detailed Legal Notice, including that you purchased OSB for your own use and not for resale — between June 1, 2002 and Aug. 4, 2008 — from certain manufacturers.
In addition to meeting the requirements on the claim form, only people or entities residing in certain states will be able to submit a claim for a share of the settlement fund. These include: the District of Columbia, Arizona, California, Florida, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Mexico, New York, North Carolina, North Dakota, South Dakota, Tennessee, Vermont, West Virginia and Wisconsin.
You are not a member of the settlement class if you purchased a completed home or other structure from a builder or contractor or if you had a home renovation project done for you by a builder or contractor using OSB, and cannot separately identify and document your OSB purchases.
A complete description of the settlement class is included in a Detailed Notice, available at www.osbnotice.com or by calling 800-401-0819.
The claim form is also available online at www.osbnotice.com. Be sure to read all the information on that site before submitting a claim.
In order to receive money from the settlement, you must complete and sign the claim form available online at www.osbnotice.com, attach acceptable documentation of your OSB purchase(s) and mail the form and documentation no later than Jan. 9, 2009 to the following address:
OSB Claims Administrator
c/o The Notice Company
PO Box 778
Hingham, MA 02043
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