Settlement Announced in Suits Involving Behr Wood-Coatings Products
Masco said its financial results for 2002 included a $166 million charge against earnings to account for the settlements. The company has said the settlements are not expected to exceed $200 million.
The class-action lawsuits had alleged that Behr's Super Liquid Raw-HIDE and Natural Seal Plus wood-sealant products failed to protect wood surfaces, and actually caused mildew. Behr has discontinued the manufacture of both products, a Masco Corp. spokesman said.