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Door Price-Fixing Case Ends With $20 Million Settlement Approval

July 28, 2021, 5:03 PM

Antitrust litigation over an alleged price-fixing scheme by door makers Jeld-Wen Inc. and Masonite Corp. ended, while a securities lawsuit against Jeld-Wen and parent Onex Corp. crept closer to a conclusion, when a federal judge in Virginia approved settlements in both cases.

Judge John A. Gibney Jr. signed off late Tuesday on a $19.5 million antitrust deal with “indirect” door buyers like homeowners, seven weeks after approving a $61.6 million agreement with “direct” purchasers bringing parallel claims in the U.S. District Court for the Eastern District of Virginia.

Gibney called the settlement fair and adequate, noting that it was smaller ...