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Case ID: 3976 | Consumer Products | 09/21/2005
The parties have agreed on a tentative partial settlement of $61.42 million in a class action lawsuit pending in the Contra Costa County Superior Court against the manufacturers of Cal-Shake® roofing Shakes ("Cal-Shake® Shakes"). Cal-Shake® Shakes are a fiber cement roofing product made to look like wood shakes or slate tiles. Plaintiffs allege that Cal-Shake® Shakes are defective and that the Shakes caused home damage for which Class Members should be paid. Plaintiffs are seeking payment for the cost of removing and replacing all Cal-Shake® Shakes in the state of California.
The Cal-Shake Roofing lawsuit involves two class actions. Cal-Shake, Inc. (“New Cal-Shake”) and Shake Company of California, Inc. (“Old Cal-Shake”) manufactured cement composite roofing products, marketed as Cal-Shake Shakes. Cal-Shake Shakes are a fiber cement roofing product made to look like wood shakes or slate tiles. Cal-Shake Inc. also manufactured Cal-Slate and Cal-Clay, both of which are included in this partial settlement. New Cal-Shake agreed to a $61.42 million proposed settlement with the Class. Old Cal-Shake did not reach a settlement with the Class. For this reason, it was necessary for the Court to divide the Class into two subclasses as follows: •New Cal-Shake Settlement Class - You are a part of the New Cal-Shake Settlement Class if you own or owned property on which Cal-Shake Shakes manufactured by New Cal-Shake between February 1, 1986 and March 31, 1995 are, or have been, installed. •Old Cal-Shake Litigation SubClass - You are part of the Old Cal-Shake Litigation SubClass if you own property in California on which Cal-Shake Shakes manufactured by Old Cal-Shake between January 25, 1980 and January 31, 1986 are, or have been installed. Eligible class members of the New Cal-Shake Settlement Class who do not want to be treated as part of the class and wish to preserve their individual claims must opt out of the class by October 28, 2005. The partial settlement is not final until approved by the Court. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Consumer Products Cases of Interest A statewide class action has been filed in Florida against mortgage service specialist, Green Tree Servicing, LLC. The action is brought on behalf of all Florida residents whose mortgage was transferred to Green Tree for servicing and who did not receive a notice of transfer within the federally mandated 15 day period. The action is brought under the federal Real Estate Settlement Procedures Act and seeks a minimum of $1000 in statutory damages per class member as well as compensatory damages where appropriate. On April 16, 2002, Ames True Temper, Inc. recalled about 650,000 wheelbarrows as a result of possible issues with plastic assemblies and rims. When filled with compressed air, the plastic wheelbarrow rims may break or even explode. This can cause plastic shards from the explosion to fly out possibly injuring consumers. McDonald's faces multiple lawsuits that each claim the fast-food giant misled the public after it acknowledged that its french fries contain milk and wheat ingredients. One lawsuit, filed in Cook County Circuit Court in Illinois, alleges McDonald's falsely advertised that it was safe for people with dietary issues relating to the consumption of dairy items and wheat allergens to eat McDonald's french fries because they were gluten- and milk-free. Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Shuffle Master, Inc. ("Shuffle Master" or the "Company") (Nasdaq:SHFL) who purchased shares of the Company between December 22, 2006 and March 12, 2007 (the "Class Period"), have 59 days, or until August 3, 2007, to move for appointment as Lead Plaintiff in a securities fraud class action lawsuit currently pending in the United States District Court for the District of Nevada. No class has yet been certified in this action.
Several class actions have been filed against premium bulk wine supplier Golden State Vintners, Inc. (Nasdaq:VINT), and certain of its officers and directors by stockholders who purchased the company's common stock between December 23, 2003, and April 23, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action lawsuit was filed late 2004, alleging that Texarkana gas companies made deals to get the better prices for industrial customers by putting the costs on the backs of its residential and commercial customers. The customers also allege artificial inflation of retail natural gas prices. |
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