Settlement reached in tainted Chinese drywall case
by Associated Press
Published: November 17,2011
Tags: Amazon, amazon.com, american idol, aol, aol mail, aol.com, aquarius, auto trader, Best Buy, bikini, bing, break ground, Cars, charlie sheen, CNN, comcast.net, construction, construction materials, Costco, courts, craigs list, craigslist, dailymotion, dictionary, diet, dogpile, drudge report, drywall, EBay, ebay motors, ebay.com, egotistic, espn, expedia, Facebook, facebook login, facebook.com, firefox, fox news, gmail, gmail.com, Google, Google Earth, google maps, google search, google.com, home depot, homebuilders, homebuilding, homes, hot, hotels, hotmail, hotmail sign in, hotmail.com, houses, hulu, imdb, infospacegames.com, justin bieber, Keywords, kohl’s, lawsuit, lowes, map quest, mapquest, maps, medication, msn, msnbc, netflix, NEWS, Olympic, paypal, RAND, real estate, residences, residential construction, search engines, sears, Southwest Airlines, square feet, target, USPS, Verizon Wireless, Walmart, Weather, weather channel, weather.com, weight loss, white pages, Wikipedia, www.facebook.com, www.google.com, www.yahoo.com, yahoo, yahoo mail, yahoo.com, you tube, YouTube, youtube videos, youtube.com
NEW ORLEANS — A settlement outlined yesterday between a major manufacturer of Chinese-made drywall and homebuilders who used the tainted product in Florida, Texas, Louisiana and Mississippi could affect anywhere from 800 to 1,500 homes, attorneys said.
Lawyers called it a significant step toward resolving problems with some 10,000 buildings blamed on the drywall.
Plaintiffs’ lawyer Bruce Steckler said the settlement with the Knauf Group manufacturer involves reimbursements to builders for homes that have been fixed or are being repaired now, and others that are in line to be remediated. He expects U.S. District Judge Eldon Fallon to approve the settlement.
Fallon presides over other cases involving more than 10,000 properties owned by people who blame damage to their homes, including corroding plumbing and electrical connections, on defective Chinese-made drywall.
Steckler acknowledged that there is a long way to go in settling the many cases but said the settlement was significant.
“We see now a collaborative and cooperative effort by homebuilders, the plaintiffs and Knauf to fix and repair homes,” he said.
“It’s a piece of the puzzle,” said Russ Herman, head of a committee of attorneys representing plaintiffs in the case. The attorneys noted that more than a thousand other homes are included in an earlier court-approved pilot remediation program involving Knauf.
Herman said German-based Knauf was the maker of tainted drywall at plants in China that wound up in thousands of homes. Chinese-based businesses also provided significant amounts of the material that wound up in U.S. homes.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Settlement reached in tainted Chinese drywall case”
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- C Spire launches next phase of 1-gig service rollout
- Alcorn's finances being investigated; CFO resigns
- State granted delay in implementing teacher evaluations
- GOP Sen. Thad Cochran to run for seventh term
- Officials hand mayor projects list totaling $57.7M
- Board continues to negotiate with propsective hospital buyers
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team