LP to Appeal Verdict in Siding Case
"LP will take the appropriate steps with the trial judge, or the appellate courts if necessary, to have this verdict set aside. The verdict contradicts the National Class Action Settlement and treads on the jurisdiction of the Federal District Court of Oregon. We believe there are sufficient errors to warrant a new trial and we are confident the verdict will not stand," said Mark Fuchs, LP's senior counsel.
LP is a premier supplier of building materials, delivering innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers. Visit LP's web site at www.lpcorp.com for additional information on the company.
FORWARD-LOOKING STATEMENTSThis news release contains statements concerning Louisiana-Pacific Corporation's (LP) future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, including the level of interest rates and housing starts, market demand for the company's products, and prices for structural products; the effect of forestry, land use, environmental and other governmental regulations; the ability to obtain regulatory approvals, and the risk of losses from fires, floods and other natural disasters. These and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings.
CONTACT: Louisiana-Pacific Corporation, Portland David Dugan (Media Relations), 503/821-5285 Bill Hebert (Investor Relations), 503/821-5100 http://www.businesswire.com/cnn/lpx.htm