Cohen Milstein attorneys obtained court approval for a settlement that has resulted in payments of more than $690 million to homeowners with defective hardboard siding manufactured by the Masonite Corporation.  The settlement provides for payments to homeowners for Masonite siding that failed and exhibits signs of rotting, buckling, or discoloration.  The settlement is exceptional not only because of the amount of claims that Masonite has paid and will continue to pay, but also because the claims program spans 10-years to ensure that newly-installed siding at the time of the settlement also will be covered.