Ainsworth reaches a settlement on U.S. class action lawsuit
Feb 05, 2008. Ainsworth has entered into an agreement with the indirect purchaser plaintiffs in the OSB Antitrust Litigation, settling on a class-wide basis all claims asserted against it. Under the agreement, Ainsworth will pay $1.3 million to be distributed across the settlement class.
Feb 05, 2008. /Lesprom Network/. Ainsworth has entered into an agreement with the indirect purchaser plaintiffs in the OSB Antitrust Litigation, settling on a class-wide basis all claims asserted against it. Under the agreement, Ainsworth will pay $1.3 million to be distributed across the settlement class, informed Market wire.
The agreement is subject to court approval. Ainsworth continues to deny each and every one of plaintiffs' claims and strongly asserts that it has not violated U.S. antitrust or any other laws. The decision to enter into the settlement agreement was based solely on the need to avoid prolonged, expensive litigation.
Ainsworth is a leading Canadian forest products company. With Canadian operations in British Columbia, Alberta and Ontario and United States operations in Minnesota.