Armstrong World reports confidential settlement agreement with Rockfon
Armstrong World Industries reported in a regulatory filing earlier that the company and Roxul USA entered into a confidential settlement agreement to fully resolve the litigation between them that was pending in the U.S. District Court for the District of Delaware. All claims in the litigation will be fully and finally dismissed and released with Armstrong making a payment to Rockfon for its costs, expenses and attorneys' fees, the company said. Pursuant to the settlement, both parties acknowledge that Armstrong denies all claims of wrongdoing and makes no admission of wrongdoing or of the truth of any of the claims or allegations contained in Rockfon's complaint or otherwise alleged in the litigation; all Armstrong exclusive distribution locations will remain exclusive to Armstrong under their respective distribution agreements, and in all other non-exclusive or "open" distribution locations, resellers are free to purchase and resell ceiling systems products of any manufacturer at their discretion, the filing noted. Also on April 3, Rockfon filed a stipulation of dismissal with prejudice with the court, in which Rockfon formally dismissed all claims it had against Armstrong with prejudice and the pending trial between the parties was vacated.