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Posts Tagged ‘drywall’

Judge approves Chinese drywall settlement

by Associated Press Published: January 11,2012

Tags: construction, contractors, courts, drywall, homebuilders, homebuilding, homeowners, homes, houses, lawsuit, residences

NEW ORLEANS — A Chinese drywall manufacturer would pay hundreds of millions of dollars to resolve court claims by thousands of Gulf Coast property owners who say the product wrecked their homes, under a deal that won preliminary approval yesterday from a federal judge. In his order, U.S. District Judge Eldon Fallon said he believes [...] [...]

Settlement reached in tainted Chinese drywall case

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’ [...] [...]

Could homeowners lose insurance due to Chinese drywall? (access required)

by Associated Press Published: January 17,2011

Tags: construction, construction materials, drywall, homes, housing, insurance, real estate

MIAMI — Mississippi homeowners who are the victims of defective Chinese drywall may want to keep a close eye on events in Florida. An attorney for homeowners who bought properties with tainted Chinese drywall says Florida’s public insurance company has again reversed course, saying it will suspend policies for those individuals. David Durkee says his [...] [...]

New IRS rule offers tax relief to drywall victims

by Amy McCullough Published: October 7,2010

Tags: drywall, IRS, Katrina, tax rule

Source: Press release Tax Agency Announces Instructions to Help Offset Costs of Repairing Corrosive Drywall WASHINGTON, D.C. – U.S. Senators Thad Cochran and Roger Wicker (R-Miss.) today suggested that Mississippians consult a new federal procedure that provides favorable tax relief for property losses associated with corrosive drywall. The Internal Revenue Service (IRS) has issued guidance [...] [...]

Senators’ concerns over imported drywall rise

by Wally Northway Published: March 19,2010

Tags: construction, construction materials, drywall, international trade, product safety

WASHINGTON — Sen. Thad Cochran (R-Miss.) and Sen. Roger Wicker (R-Miss.) are pressing the U.S. Fire Administration (USFA) to establish a public information campaign to alert homeowners to the potential fire hazards posed by corrosive drywall imported from China. Cochran and Wicker are among six Senators who today asked the USFA, an agency within the [...] [...]

Hood: Beware Chinese drywall

by MBJ Newswires Published: July 27,2009

Tags: attorney general, China, drywall, JACKSON, Jim Hood

Jackson — Mississippi has received multiple complaints of dangerous imported drywall from China being found in their homes, confirmed Attorney General Jim Hood in hopes of warning more residents of the problem. “Our office has received several complaints on Chinese drywall,” said Hood. “We are investigating these complaints, and encourage other consumers who may be [...] [...]

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