In a Dec. 3 filing with the Securities and Exchange Commission (SEC), Louisiana-Pacific (LP) announced it will receive a $20 million payment from Deutsche Bank Securities to settle a lawsuit between the two companies. Deutsche Bank Securities will pay the sum without admitting any liability or wrong-doing, and LP will dismiss the legal proceedings with prejudice. Each company will release the other from all claims and liabilities arising out of the sale and purchase of the auction rate securities.
Two recent court cases in California, one involving Home Depot and the other 99 Cents Only Stores, have given employees the right to sue their employers for “suitable seating,” according to summaries of the cases published in Mondaq.
CertainTeed has announced its intention to settle a class action lawsuit over a line of asphalt shingles manufactured from 1987 to 2005. The organic shingles, made with a felt reinforcement material, were allegedly subject to premature failure or did not perform up to the expectations of end users.