California Forest Products Laboratory Secures $1.5 Million.

The University of California Forest Products Laboratory has received a $1.5 million contribution from the Louisiana-Pacific Corporation. The contribution is part of a settlement agreement negotiated between attorneys for the class representing owners of structures containing allegedly defective

Louisiana-Pacific Inner-Seal oriented strandboard (OSB) sheathing and Louisiana-Pacific Corp. All parties involved in the action chose to compromise and settle all issues and claims rather than pursue litigation. The agreed-upon contribution is part of a national settlement that includes a 20-year warranty on the Louisiana-Pacific OSB sheathing product. It is the largest contribution received by the Laboratory in its 45-year history, and will fund independent research to improve the performance of manufactured wood products and to evaluate the conditions of materials in buildings.