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Company: Weyerhaeuser Company
Current Parent Company:
Weyerhaeuser
Parent at the Time of the Penalty Announcement:
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Penalty: $82,000,000
Year: 2000
Date: December 1, 2000
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal:
Defective Building Materials
Violation Description: Weyerhaeuser took an $82 million charge to cover the estimated cost of settling a class action lawsuit brought by property owners who alleged they were sold defective hardboard siding.
Level of Government: state
Action Type: private litigation
Court: San Francisco County (CA) Superior Court
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Washington
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: building materials
Specific Industry of Current Parent: forest products
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.