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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
December 5, 1995
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Date of Report (Date of Earliest Event Reported)
INTERNATIONAL PAPER COMPANY
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(Exact name of Registrant as specified in its charter)
New York 1-3157 13-0872805
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(State of (Commission (IRS Employer
Incorporation) File) Identification
Number)
Two Manhattanville Road, Purchase, NY 10577
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(Address of Principal executive offices)
914-397-1500
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(Telephone No.)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
N/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
N/A
ITEM 5. OTHER EVENTS
An action, filed in the Mobile, Alabama County Circuit Court, was
granted class action status. The litigation seeks substantial damages
(in an amount as yet determined) relating to all hardboard siding
manufactured by the Masonite Corporation ("Masonite"), a wholly-owned
subsidiary of the Company, since 1980. The matter alleges, in part,
that Masonite's hardboard siding was inherently defective, allegedly
because it absorbs water, causing it to swell, buckle and eventually
deteriorate. The lawsuit also alleges that Masonite knew its product
was defective and concealed that fact from the public. Masonite has
denied the allegations and will vigorously defend this action.
Masonite has removed the case to the Federal District Court for the
Southern District of Alabama. The plaintiffs have filed a motion for
remand to the State Court. A ruling is expected before the end of
January, 1996.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
N/A
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements:
N/A
(b) Pro Forma Financial Information:
N/A
(c) Exhibits:
N/A
ITEM 8. CHANGES IN FISCAL YEAR
N/A
Signature
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
INTERNATIONAL PAPER COMPANY
(Registrant)
Date: December 5, 1995 /s/ SYVERT E. NERHEIM
Purchase, NY ----------------------------
Syvert E. Nerheim
Assistant Secretary
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