Ainsworth Reaches a Settlement on U.S. Class Action Lawsuit
Vancouver, British Columbia, Canada, 05 February 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 USD 1.3 million, to be distributed across the settlement class. The agreement is subject to court approval.
Ainsworth continues to deny every one of the 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.