Iko Roofing Class Action

Iko does not admit any wrongdoing or liability.

Iko roofing class action.

The defendants have agreed to. The class action affects current or former owners or lessees of buildings located in canada that contain or contained 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.

Average iko consumer ratings are poor dragged down by widespread failure of organic shingles and the cambridge ar line. Extend existing non expired shingle warranties by five years. 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. We take everything to new levels.

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 and the plaintiff on behalf of the class have agreed to settle the canadian class action relating to alleged defects in iko organic shingles. 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. A settlement has been reached in the litigation.

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

As part of the settlement iko paid 7 5 million for the benefit of class members. Iko provides roofing insulation and waterproofing solutions worldwide. In summary if this settlement is approved then the iko defendants will. Machine fibers ltd for the alleged negligent design and manufacture of iko organic shingles.

What is this class action about. Iko is committed to investing in state of the art technology and manufacturing to meet the ever changing needs of our customers.