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Tag Archives: drywall

$248 million settlement reached with Chinese drywall maker

A proposed $248 million settlement has been filed in a decade-old federal court case over defective Chinese drywall blamed for damaging home appliances and sickening residents. The proposed settlement between property owners and Taishan Gypsum Co. was filed in U.S. District Court in New Orleans on Tuesday. It comes nearly eight years after a major settlement in another case involving ...

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Chinese drywall-maker appeals; questions courts' jurisdiction

NEW ORLEANS — A Chinese drywall manufacturer asked a federal appeals court yesterday to overturn a judge’s ruling that U.S. courts have jurisdiction over claims that its defective product wrecked thousands of homes. A three-judge panel from the 5th U.S. Circuit Court of Appeals in New Orleans didn’t indicate how soon it would rule. It heard arguments yesterday from lawyers ...

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Judge rules in defective Chinese drywall lawsuit

NEW ORLEANS — A federal judge has approved five class-action settlements that call for a Chinese drywall manufacturer and others to pay hundreds of millions of dollars to repair homes damaged by the product, attorneys for thousands of Gulf Coast property owners said. U.S. District Judge Eldon Fallon in New Orleans held a hearing in November to help him gauge ...

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Judge refuses to toss Chinese drywall claims

NEW ORLEANS — A federal judge in New Orleans has refused to dismiss claims from homeowners who say a Chinese drywall manufacturer’s product damaged their property. Taishan Gypsum Co. Ltd. argued that U.S. courts don’t have jurisdiction over claims against the Chinese company, but U.S. District Judge Eldon Fallon rejected that argument. Fallon also refused to vacate a $2.6 million ...

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Judge approves Chinese drywall settlement

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 the proposed class-action settlement is ...

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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’ lawyer Bruce Steckler said the ...

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Could homeowners lose insurance due to Chinese drywall?

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 clients have begun receiving notices ...

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New IRS rule offers tax relief to drywall victims

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 for affected homeowners who have ...

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