Titeflex Corporation et al.

A national class action lawsuit was filed alleging a certain type of natural gas tubing that was prone to fires or leaks during lightning storms. Corrugated Stainless Steel Tubing (CSST) is more flexible and easier to install than the conventional iron or heavy metal pipes used to carry natural gas into homes. The lawsuit was filed in Clark County Circuit Court of Arkansas and named Titeflex Corporation, Ward Manufacturing, Inc., OmegaFlex, Inc. and Parker Hannifin Corp. as the defendants. The nationwide class action was filed on behalf of any and all persons and/or entities that own structures in the United States in which CSST was installed as of September 5, 2006. The defendants have agreed to a class action settlement that will provide vouchers for installation of grounding wires or other lightning protection devices. (Feb-12-07) [WKOW TV NEWS: CSST SETTLEMENT]

[CSST CLASS ACTION SETTLEMENT]

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