Judge Approves Settlement Of Claims Over Allegedly Defective Decking Material

(May 3, 2018, 10:14 AM EDT) -- NEWARK, N.J. — A federal judge in New Jersey on April 13 entered final approval of a settlement for claims brought by purchasers of decking material made by Azek Building Products Inc. that allegedly faded and warped before the expiration of the product’s warranty and awarded plaintiffs’ counsel $5.25 million in fees, holding that the terms of the agreement are fair and reasonable (In re: Azek Building Products Inc.; Marketing and Sales Practices Litigation, MDL 2506, D. N.J.)....