Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1996
Shareholder securities lawsuit settlement
LP paid to settle a shareholder class action alleging that it had failed to disclose problems associated with its oriented strand board products. The settlement was reported as one of the largest securities settlements in Oregon at the time.
1996
Sexual-harassment lawsuit involving former chief executive
The company settled a sexual-harassment lawsuit filed against former chief executive Harry Merlo.
1995
Colorado plant allegations
Colorado authorities brought fraud and environmental-violation allegations involving LP's Montrose facility. The matter formed part of a broader period of legal and governance difficulty for the company.
1990
Inner-Seal siding litigation
Homeowners alleged that certain Inner-Seal OSB siding products experienced premature rotting, discoloration, disintegration and fungal growth. LP settled extensive claims, created a claims process and re-engineered the product line as SmartSide without admitting wrongdoing.