Weyerhaeuser seeks $260mn formaldehyde judgment

US timber giant Weyerhaeuser has filed a complaint at a Seattle
court in a bid to force nine insurers to pay out up to $260mn in
liability cover.
The wood producer hopes to claw back money from its liability
insurers after it set aside $290mn to remedy a poisonous coating
used in its home construction joists.
Weyerhaeuser initiated the legal action after its TJI joists
were found to emit formaldehyde.
According to a court document filed at a district court...