BREAKING BUSINESS

Transcription

BREAKING BUSINESS
6/22/12
Pella reaches deal in class-action involving 6M windows - chicagotribune.com
Search
BREAKING BUSINESS
Home
Breaking
News
Business
Technology
Money
Sports
Work Life
A&E
Lifestyles
Chicago Stocks
Opinion
Real Estate
Cars
Sign In or Sign Up
Jobs
Columns
Hom e > Business > Chicago Breaking Business
IN CASE YOU MISSED IT ...
Pella reaches deal in class-action involving 6M
windows
Photos: Chicago Gospel Music Festival
Ads by Google
Champion Windows
Factory-Direct Replacement Windows. Book A Free In-Home Estimate Now.
www.ChampionWindow.com
Comments
0
Share
14
0
PHOTOS & VIDEO
Leon ard Sal tzm an poses ou tsi de n ear th e repl aced Pel l a wi n dows i n h i s Lake Forest h om e. Man y wi n dows an d doors
were repl aced i n th e h om e by Pel l a as th e resu l t of a cl ass acti on l awsu i t. (Ch ri s Wal ker / Ju n e 22, 2012)
Ads by Google
By Ameet Sachdev
Tribune staff reporter
In search of the real Brandon Marshall
11:58 a.m . CDT, June 22, 2012
Six years after a Lake Forest doctor sued Pella Corp.
over alleged defects in its windows, a proposed
settlement has been reached.
The agreement covers a nationwide class of consumers
who bought ProLine casement, awning and transom
windows made by Iowa-based Pella from 1991 to
2006. Pella shipped an estimated 6 million such
windows, according to Richard Burke, one of the
plaintiffs' attorneys.
Ask Amy: What to do with kids during the summer?
Consumers may be eligible to receive between $750 and $6,000. The settlement also
provides benefits beyond the warranty to consumers whose windows may suffer wood rot
in the future, according to court papers.
Mugs in the news: Charged Photos in the News: Dog
with spitting on a cop
day
The proposed settlement was filed in a Chicago federal court earlier this week and must be
CHICAGO SHOPPING
www.chicagotribune.com/business/breaking/chi-pella-windows-suit-20120622,0,5179787.story
1/3
6/22/12
Pella reaches deal in class-action involving 6M windows - chicagotribune.com
approved by a judge.
Pella said Friday in a statement that it is "pleased to have created a settlement framework
that extends our existing customer support program with a claims process" for older
windows.
"In the overwhelming majority of cases, our Pella windows performed extremely well and
as designed," Pat Meyer, Pella's chief executive officer, said. "We know that each home or
building is unique and the settlement is designed to address the relatively small number that
may have experienced a problem."
Burke represents Dr. Leonard Saltzman, who built a home in Lake Forest in 1995 that
contained several ProLine casement windows. Ten years later he began to notice some of
the window frames were rotting, but the windows were no longer under warranty.
Adoptable pets from
Chicago shelters
Fashion After Dark: Hot
looks from cool clubs
Updated 3:08 p.m.
Where to dine alfresco this
weekend
Refresh your home with
our room design guide
ILLINOIS INTEREST RATES
Saltzman filed a lawsuit in 2006, alleging that the windows had a design defect that permits
water to seep behind the aluminum cladding and cause wood rot.
Pella had denied the allegations and said wood could rot for many reasons. The company
did not admit to any defects in its ProLine windows as part of the settlement, Burke said.
U.S. District Court Judge James Zagel certified the suit as a class action, and a federal
appellate court upheld the decision.
MORTGAGE
CDs
RATE
3.67%
15 yr fixed mtg
2.97%
3.02%
30 yr fixed jumbo mtg
4.27%
4.30%
5/1 ARM
2.68%
2.67%
7/1 ARM
2.95%
RATE
MMA
3 yr CD
2.96%
+/-
LAST WEEK
Loan Modification
>> Home Equity
0.49%
0.49% Loans >>
1 yr CD
CHICAGONOW
5 yr CD
asachdev@tribune.com
LAST WEEK
3.62%
6 month CD
Pending review by the court, customer notifications could begin as early as the fall, Pella
said.
+/-
30 yr fixed mtg
0.47%
0.46%
0.70%
0.70%
0.94%
0.94%
Is this wrong?
1.38% Merck uses
1.36%Madagascar
characters to market a drug
Copyright © 2012, Chicago Tribune
Comments
Share
0
14
Early review of "Abraham Lincoln:
Vampire Hunter" is in. And it's awful
0
MORE FROM T RIBUNE
FROM AROUND T HE WEB
Sharp introduces 90-inch TV, calling it the
largest on the planet
Cubs C Hill outrighted after clearing waivers
Panera to open first local pay-what-you-can
cafe in Lakeview
Leaders stuck on stupid (Business Without Borders)
(ESPN Chicago)
Gangs that came to rule in seats of power
IKEA's New Take on TVs: They Should Look
Good in Your House (Television Info)
Gas could drop to $3 by fall
Trump tower falters
Cheney family 'delighted' as lesbian daughter
marries partner
(Bankrate.com)
How to Live Debt-Free: Tips to Help Eliminate
Debt (TransUnion)
[what's this]
RECOMMENDED VIDEOS
Searching for the real
Brandon Marshall
Ask Amy: What to do
with kids during the
summer?
De-Clutter: Lessons
for Life
Giant spiders prompt
panic in India
www.chicagotribune.com/business/breaking/chi-pella-windows-suit-20120622,0,5179787.story
2/3
6/22/12
Pella reaches deal in class-action involving 6M windows - chicagotribune.com
Manage Subscription
Adv ertising Serv ices
Connect With Us
Terms of Service Privacy Policy
About Our Ads
BBB A+ Accredited Business
Chicago Tribune, 435 N. Michigan Ave., Chicago, IL 60611
A Tribune New spaper Website
Mobile
Site index
www.chicagotribune.com/business/breaking/chi-pella-windows-suit-20120622,0,5179787.story
3/3