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.
Iko roofing class action.
Iko is committed to investing in state of the art technology and manufacturing to meet the ever changing needs of our customers.
What is this class action about.
Machine fibers ltd for the alleged negligent design and manufacture of iko organic shingles.
A settlement has been reached in the litigation.
According to the suits defects in design and manufacture allow moisture such as water or snow to invade the shingles.
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.
In 2018 the iko defendants and the named plaintiffs reached a proposed class action settlement to resolve this dispute subject to the court s approval.
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.
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 class action affects current or former owners or lessees of buildings located in canada that contain or contained iko organic shingles.
The defendants have agreed to.
They would also be entitled to a cash payment or replacement shingles if their previously purchased shingles fail within the extended warranty.
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.
Extend existing non expired shingle warranties by five years.
Iko provides roofing insulation and waterproofing solutions worldwide.
This class action lawsuit claims that iko cambridge ar roof shingles are defective and prone to premature blistering tearing cracking delamination granule loss degradation and loss of adhesion at the seal strip between adjacent shingles.
However the defective shingle lines are no longer produced and iko has been working hard on improving formulations across the board.
We take everything to new levels.
Iko does not admit any wrongdoing or liability.
The settlement represents a voluntary resolution of claims.
