Iko Roofing Class Action

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.

Iko roofing class action. 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. They would also be entitled to a cash payment or replacement shingles if their previously purchased shingles fail within the extended warranty. The company is the target of class action lawsuits in the us and canada. 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.

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. A settlement has been reached in the litigation. The defendants have agreed to. In summary if this settlement is approved then the iko defendants will.

Iko provides roofing insulation and waterproofing solutions worldwide. 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. As part of the settlement iko paid 7 5 million for the benefit of class members. Iko does not admit any wrongdoing or liability.

What is this class action about. According to the suits defects in design and manufacture allow moisture such as water or snow to invade the shingles. However the defective shingle lines are no longer produced and iko has been working hard on improving formulations across the board. Extend existing non expired shingle warranties by five years.

Machine fibers ltd for the alleged negligent design and manufacture of 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. We take everything to new levels.

Average iko consumer ratings are poor dragged down by widespread failure of organic shingles and the cambridge ar line. The settlement represents a voluntary resolution of claims.