US: Door-maker pays to settle antitrust suit

On November 19, a Virginia court judge issued an order in favor of door manufacturer Steves and Sons’ (Steves) motion for further relief requiring defendant Jeld-Wen to pay an additional US$7 million on top of the amount Steves already won in a February 2018 verdict.

Judge Robert E. Payne released a memorandum of opinion agreeing with Steves’ claims, filed in May this year, that Jeld-Wen continued to overcharge for doorskins in violation of the two door manufacturing companies’ supply agreement after a jury ruling in Steves’ favor.

“Both parties agree that Jeld-Wen owes Steves for overcharges,” the memorandum of opinion stated, “However, the parties disagree as to how to calculate those damages.”

Jeld-Wen and Steves both submitted calculations from experts for total damages associated with overcharges, with Jeld-Wen’s estimate coming out to somewhere between US$2.7 million and US$5.7 million and Steves’ estimate at around US$7 million.

Full Content: Door & Window Market

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