Civil Plaintiff

Two Door Manufacturing Giants Pays $38M Each to Settle Lawsuit

Door manufacturing giants Jeld-Wen and Masonite will each pay $38 million to settle class-action lawsuits. 
Brought on in 2018 by Grubb Lumber Company and Philadelphia Reserve Supply Company along with a class of direct purchasers of interior molded doors, the anti-trust suits claimed both door makers conspired together to fix prices and dominate the market.
Both companies agreed to pay $28 million to the plaintiffs and the settlement class on August 31 in exchange for a full release of claims through the date of the agreement. They also agreed to pay $9.75 million in a separate, pending case with the plaintiffs and indirect purchasers.

Read the source article at Woodworking Network

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