Home » NEWS » Chinese drywall settlement reached

Chinese drywall settlement reached

Source: PR Newswire

NEW ORLEANS — The Plaintiffs’ Steering Committee in the Chinese Drywall multi-district litigation and Knauf Plasterboard Tianjin (KPT) today announced a breakthrough settlement to remediate homes impacted by KPT’s drywall.

The agreement establishes a demonstration remediation program, funded by KPT and a number of builders, drywall suppliers and their insurers.

The program includes the removal of the problem drywall from up to 300 homes in Alabama, Mississippi, Louisiana and Florida.

Among the participating builders, suppliers and insurers are Interior/Exterior Building Supply, the Louisiana Homebuilders Indemnity Trust, QBE Insurance Group and State Farm Insurance. The Louisiana-based supplier Interior/Exterior Building Supply was an integral component in reaching this agreement and the company has agreed to help fund this pilot program. Other Knauf entities are signatories to and participants in the agreement.

Under the agreement, KPT will retain and supervise contractors to do the work on a cost-effective basis. The completed homes will be inspected by environmental engineers, who will certify to the homeowner that their home is free of problem drywall odors and contamination.

The members of the Plaintiffs’ Steering Committee involved in negotiating the agreement were Russ M. Herman of Herman, Herman, Katz & Cotlar, L.L.P., Arnold Levin of Levin Fishbein Sedran & Berman, and Christopher A. Seeger of Seeger Weiss, L.L.P.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Amy McCullough

Leave a Reply

Your email address will not be published. Required fields are marked *